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Please show work. Thanks in advance! Some of the information found on a detail inventory card for Oriole Inc. for the first month of operations
Please show work. Thanks in advance!
Some of the information found on a detail inventory card for Oriole Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued No. of Units Balance, No. of Units 1,700 January 2 1.700 $ 4.74 7 1.200 500 10 1.100 5.06 1,600 13 1,000 600 18 1,500 5.21 1,300 20 800 1,100 200 23 1800 5.37 2,000 26 1.300 700 28 2.100 5.53 2.800 31 1.800 1.000 (a1) Your answer is correct. Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit $ 5.21 eTextbook and Media From these data compute the ending inventory on each of the following bases, Assume that perpetual inventory records are kept in units only. (1) First in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to O decimal places, 0.9.6,548.) (1) FIFO (2) LIFO (3) Average cost Ending Inventory s eTextbook and Media Save for Later Attempts: unlimited Submit Answer (6) The parts of this question must be completed in order. This part will be available when you complete the part above Some of the information found on a detail inventory card for Oriole Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued No. of Units Balance, No. of Units 1,700 January 2 1.700 $ 4.74 7 1.200 500 10 1.100 5.06 1,600 13 1,000 600 18 1,500 5.21 1,300 20 800 1,100 200 23 1800 5.37 2,000 26 1.300 700 28 2.100 5.53 2.800 31 1.800 1.000 (a1) Your answer is correct. Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit $ 5.21 eTextbook and Media From these data compute the ending inventory on each of the following bases, Assume that perpetual inventory records are kept in units only. (1) First in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to O decimal places, 0.9.6,548.) (1) FIFO (2) LIFO (3) Average cost Ending Inventory s eTextbook and Media Save for Later Attempts: unlimited Submit Answer (6) The parts of this question must be completed in order. This part will be available when you complete the part above Step by Step Solution
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