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Pgs. 314-315: 20) Adams Import made the following purchases of sport t-shirts made in Taiwan: beginning inventory was 650 shirts at $3.80 each; June, 500

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Pgs. 314-315: 20) Adams Import made the following purchases of sport t-shirts made in Taiwan: beginning inventory was 650 shirts at $3.80 each; June, 500 shirts at $4.20 each; September 450 shirts at $3.95 each; and December, 600 shirts at $4.05 each. An inventory at the end of the year shows that 775 T-shirts remain. (a) Find the inventory value using the weighted-average method. (b) Find the inventory value using the FIFO method. (C) Find the inventory value using the LIFO method. . Weighted Average Method: FIFO

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