In its first month of operations,

Tatung Electronics made three purchases of

merchandise in the following sequence: (1)

300 units at NT$180, (2) 400 units at NT$210,

and (3) 200 units at NT$240. Assuming there

are 420 units on hand, compute the cost of the

ending inventory under the (a) FIFO method

and (b) average-cost method. Tatung uses a

periodic inventory system. (Round average

unit cost to two decimal places.)

Compute ending inventory using FIFO and average-cost.

BE6.3 (LO 2) In its first month of operations, Tatung Electronics made three purchases of merchandise in the following sequence: (1) 300 units at NT$180, (2) 400 units at NT$210, and (3) 200 units at NT$240. Assuming there are 420 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) average-cost method. Tatung uses a periodic inventory system. (Round average unit cost to two decimal places.) Compute ending inventory using FIFO and average-cost