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La Boca Restaurant made the following purchases of chardonnay wine: # of Cases Price / case Total Cost Beginning Inventory Jan1: 20 $ 60.00 $
La Boca Restaurant made the following purchases of chardonnay wine:
# of Cases | Price / case | Total Cost | |||||
Beginning Inventory Jan1: | 20 | $ 60.00 | $ 1,200.00 | ||||
10-Mar | 25 | $ 61.00 | $ 1,525.00 | ||||
20-Jun | 30 | $ 63.00 | $ 1,890.00 | ||||
29-Aug | 27 | $ 64.00 | $ 1,728.00 | ||||
10-Oct | 35 | $ 67.00 | $ 2,345.00 | ||||
1-Dec | 20 | $ 68.00 | $ 1,360.00 | ||||
Available for sale | 157 | $ 10,048.00 |
On December 31, La Boca had an inventory of 25 cases of chardonnay wine.
REQUIRED
Calculate the value of the ending inventory of 25 cases under weighted average, LJFO, and FIFO.
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