Question
Mar. 1 Inventory 20 units @ $32 $640 June 16 Purchase 28 units @ $32 896 Nov. 28 Purchase 39 units @ $35 1,365 87
| Mar. 1 | Inventory | 20 units | @ $32 | $640 |
| June 16 | Purchase | 28 units | @ $32 | 896 |
| Nov. 28 | Purchase | 39 units | @ $35 | 1,365 |
| 87 units | $2,901 |
There are 14 units of the product in the physical inventory at November 30. The periodic inventory system is used. Round answers to the nearest whole dollar.
a. Determine the inventory cost by the FIFO method. $
b. Determine the inventory cost by the LIFO method. $
c. Determine the inventory cost by the average cost methods. $
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Report Of Audit Resolution Questioned Costs Federal Superfund Program Department Of Health And Environmental Sciences 1994
Authors: Montana Dept Of Health And Environm
1st Edition
101924657X, 978-1019246573
