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FINANCIAL ACCOUNTING Page 3 SECTION 2 (15 points) Using the following information, calculate the Ending Inventory Value under each of the following methods: Beginning Inventory
FINANCIAL ACCOUNTING Page 3 SECTION 2 (15 points) Using the following information, calculate the Ending Inventory Value under each of the following methods: Beginning Inventory Purchases 100 units 10 = $1,000 200 units @ 11 = $2,200 300 units @ 12 - $ 3,600 200 units 13 = $ 2,600 100 units @ 14 = $ 1.400 900 units $10,800 200 units Available Ending Inventory 1. FIFO Periodic 2 LIFO Periodic 3. Weighted Average
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