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Information about Vinzant Companys inventory of one item follows. Compute the cost of the ending inventory under the average cost method. Compute the cost of
Information about Vinzant Companys inventory of one item follows.
- Compute the cost of the ending inventory under the average cost method.
- Compute the cost of the ending inventory under the FIFO method.
- Compute the cost of the ending inventory under the LIFO method.
Number of Unit Units Cost 135 $ 270 Explanation Beginning inventory, January 1 Purchases: April August October Ending inventory, December 31 175 195 145 135 275 280 282 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost of the ending inventory under the average cost method. (Round your "average cost per unit" answer to 2 decimal places.) Average Cost Merchandise available for sale Ending Inventory Number of Unit cost Total cost | Number of Average Total cost units units cost per unit" Beginning inventory Purchases: April August October Total Required 1 Required 2 Required 3 Compute the cost of the ending inventory under the FIFO method. FIFO Merchandise available for sale Number of Unit cost Total cost units Ending Inventory Number of Unit cost Total cost units Beginning inventory Purchases: April August October Total Required 1 Required 2 Required 3 Compute the cost of the ending inventory under the LIFO method. LIFO Merchandise available for sale Number of Unit cost Total cost units 0 Ending Inventory Number of of Unit cost Total cost units Beginning inventory Purchases: April August October Total
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