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Huston has a beginning balance in inventory of 400 units at @ $4.20 per unit. A record of transactions for the month of May
Huston has a beginning balance in inventory of 400 units at @ $4.20 per unit. A record of transactions for the month of May was as follows: Purchases Sales May # Cost May # Sales Price 4 1,300 @$4.10 3 200 @ $7.00 8 800 @$4.30 6 1,000 @$7.00 14 700 @$4.40 12 900 @ $7.50 22 22 1,200 @$4.50 18 400 @ $7.50 29 500 @$4.55 25 1,400 @$8.00 Determine Huston's Goods AVAILABLE for sale in dollars. QUESTION 8 Determine Huston's ending inventory in dollars using Periodic Average. Round to the nearest dollar. 4328 QUESTION 9 Determine Huston's ending inventory in dollars using Periodic LIFO.
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