Question
In its first month of operations, Windsor Electronics made three purchases of merchandise in the following sequence: (1) 280 units at NT$170, (2) 410 units
In its first month of operations, Windsor Electronics made three purchases of merchandise in the following sequence: (1) 280 units at NT$170, (2) 410 units at NT$200, and (3) 200 units at NT$240. Windsor uses a periodic inventory system. (a) Assuming there are 470 units on hand, compute the cost of the ending inventory under the FIFO method.
- The cost of the ending inventory NT$
Assuming there are 470 units on hand, compute the cost of the ending inventory under the average-cost method. (Round average-cost per unit and final answer to 2 decimal places, e.g. 1.25.) NT$
-The cost of the ending inventory
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