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Please help Riviara Company produces cases of bottled water. The had the following transaction during the month of September. September No. of Units Unit Cost
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Riviara Company produces cases of bottled water. The had the following transaction during the month of September. September No. of Units Unit Cost 1 Beginning Balance 750 2.5 7 Purchase 250 2.25 13 Sale 400 14 Sale 375 19 Purchase 300 3.25 21 Purchase 200 2.75 26 Sale 300 Using the inventory graphic below, determine the ending inventory value under each the FIFO and LIFO methods of inventory accounting, FIFO Date Sept 1 Purchased Unit Cost Sold Quantity Unit Cost Quantity Balance Quantity Unit Cost Cost Cost Cost Sept7 Sept 13 LIFO and FIFO (+) Sept 14 Sept 19 Sept 21 Sept 26 Quantity Unit Cost Cost Ending Inventory Value: 0 0 0 0 LIFO Date Purchased Unit Cost Balance Quantity Sold Quantity Unit Cost Cost Cost Quantity Unit Cost fost Sept 1 Sept7 Sept 13 Sept 14 Sept 19 LIFO and FIFO + B 2 E M Sept 21 Sept 26 Quantity Unit Cost Cost Ending Inventory Value: 0 0 0
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