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Flounder Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 73 units were sold. (a) Calculate
Flounder Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 73 units were sold. (a) Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ (b) Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)
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