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Lisa Company uses the periodic inventory system to account for inventories. Information related to Lisa Company's inventory at October 31 is given below. October 1
Lisa Company uses the periodic inventory system to account for inventories. Information related to Lisa Company's inventory at October 31 is given below. October 1 Beginning inventory 395 units X $9.60 - $3,792 8 Purchase 800 units X $10.00 8,000 16 Purchase 585 units * $11.00 - 6,435 24 Purchase 210 units $11.70 2,457 Total units and cost 1,990 units $20,684 Value the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. (Round answer too decimal places, es, 5.275) Endine trventory $ Value the ending inventory using the weighted average cost method if 500 units remain on hand at October 31. (Round average cost per unit to 2 decimal places, es. 5.25 and final answer to decimal places, es 2,520.) Ending Inventory $ e Textbook and Media Value the ending inventory using the LIFO cost assumption it 500 units remain on hand at October 31 Ending Inventory $
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