Question
how do i dertermine the endinding inventory under a perpetual invenotry system usin (1)FIFO,(2)moving-average cost, and (3) LIFO (rounded average cost should be round to3
how do i dertermine the endinding inventory under a perpetual invenotry system usin (1)FIFO,(2)moving-average cost, and (3) LIFO (rounded average cost should be round to3 decimal places) please help ?
this was this average cost per unit
July 1 $150
july 6 $150
July 11 $ 160.50
July 14 $ 160.50
July 21 $ 170.65
July 27 $ 170.65
Step by Step Solution
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Step: 1
Here are the steps to determine ending inventory under different inventory costing methods 1 FIFO In...
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
