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part b the answer In its first month of operations, Kingbird Electronics made three purchases of merchandise in the following sequence: (1) 290 units at
part b the answer
In its first month of operations, Kingbird Electronics made three purchases of merchandise in the following sequence: (1) 290 units at NT\$170, (2) 410 units at NT\$210, and (3) 210 units at NT\$230. Kingbird uses a periodic inventory system. (a) Assuming there are 440 units on hand, compute the cost of the ending inventory under the FIFO method. NT\$ Attempts: 1 of 6 used (b) Assuming there are 440 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.) Step by Step Solution
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