Question
I need to fill in the FIFO, LIFO, and Weighted Average tables out using this information: During this year, Bristol Sales sold 775 DVDs for
I need to fill in the FIFO, LIFO, and Weighted Average tables out using this information: During this year, Bristol Sales sold 775 DVDs for $60 each. Date Units Purchased Cost Total 1/20 75 $17 $1,275 4/21 450 $19 $8,550 7/25 200 $23 $4,600 9/19 100 $29 $2,900 Units Available for Sale: 825 $17,325 Using the FIFO Method, fill in table: Units Cost Per Unit Ending Inventory: From 9/19 Purchase: Total Ending Inventory: Using the LIFO Method, fill in table: Units Cost Per Unit Ending Inventory: From 1/20 Purchase: Total Ending Inventory: Using Weighted Average, find: Total Cost Total Units = Cost Per Unit Ending Inventory:
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