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Han co. is a small wholesaler of fashion luggage. the accounting records show the following purchases and sales of the style of 80 suburban during

  • Han co. is a small wholesaler of fashion luggage. the accounting records show the following purchases and sales of the style of 80 suburban during the first year of business. a physical count of style 80 at the end of the year reveals that 60 are still on hand. instrument: 
  • (1) determine the cost of style 80 inventory as of dec 31 by means of the average cost method with a periodic system. 
  • (2) determine the cost of style 80 inventory as of dec. 31 by means of the fifo method with a periodic system. 
  • (3) with the lifo method with a periodic system. 
  • (4) with the lifo method with a perpetual inventory system.

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1 Purchases Jan 1 10 units 40 Feb 1 20 units 42 Mar 1 30 units 44 Total cost of purchases 1260 Sales ... blur-text-image

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