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III. Computation The beginning inventory, purchases and sales of a particular inventory item of Carlo Company during the year were as follows: table [
III. Computation
The beginning inventory, purchases and sales of a particular inventory item of Carlo Company during the year were as follows:
tableUnits,Unit PriceJanuaryInventory,P JunePurchases,JulySales,September Purchase,OctoberSale,DecemberPurchases,
Determine the following:
Number of units of inventory on hand at the end of the period;
Value of inventory ending and cost of sales using the following methods:
a Weighted average
b FirstInFirstout
c LastInLastout
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