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Exercise 6-16 Marigold Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $595 each. On
Exercise 6-16 Marigold Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $595 each. On January 10, Marigold purchased 6 units at $720 each. The company sold 3 units on January 8 and 4 units on January 15. Your answer is correct. Compute the ending inventory under FIFO. (Round answer to 0 decimal places, e.g. 1,250.) FIFO The ending inventory 2880 LINK TO TEXT x Your answer is incorrect. Try again. Compute the ending inventory under LIFO. (Round answer to 0 decimal places, e.g. 1,250.) LIFO The ending inventory 2975 LINK TO TEXT x Your answer is incorrect. Try again. Compute the ending inventory under moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, e.g. 1,250.) MOVING-AVERAGE COST The ending inventory 2652.73 Click if you would like to Show Work for this question: Open Show Work
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