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Problem 17.1A (Algo) Computing Inventory costs under different valuation methods. LO 17-1, 17-2 The following data concerns inventory and purchases at Muse Company 82 units at $95 Inventory, January 1 Durchases: January 6 January 15 January 22 Inventory, January 31 52 units at $94 37 units at $94 27 units at $88 73 units .. Determine the cost of the ending inventory on January 31 under the average cost method b. Determine the cost of the ending inventory on January 31 under the first in, first out (FIFO) method, c. Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method. Analyze which inventory valuation method resulted in the highest dollar amount for ending inventory? Complete this question by entering your answers in the tabs below. Average Cost FIFO UFO Analyse Determine the cost of the ending inventory on January 31 under the average cost method. (Round your average cost per unite to 2 decimal places.) Average Merchandise available for sale Number of Unit cost Totalbest units Ending inventory Number of units Average cost per unit Beginning inventory, January 1 Total cost January 15 nuary 22 FUO 3 Problem 171A (Algo) Computing Inventory costs under different valuation methods. LO 17-1,17-2 The following data concerns inventory and purchases at Muse Company 82 units at 395 Inventory, January 1 Purchasest January 6 January 15 January 22 Inventory, January 31 52 units at $ 37 units at $94 27 units at 73 units Determine the cost of the ending inventory on January 31 under the average cost method b. Determine the cost of the ending inventory on January 31 under the first in first out (FIFO) method. c. Determine the cost of the ending Inventory on January 31 under the last in, fest out (LIFO) method. Analyze: Which inventory valuation method resulted in the highest dotat amount for ending inventory Complete this question by entering your answers in the tabs below. Average Cout FIFO UFO Analyze Determine the cost of the ending inventory on January 21 under the tirat in firat out (FFO) method. Merchandise available for sale Ending the FIFO Number of Une cost units Number of Total Unost Totalcos Beginning inventory, January 1 Purchases January January 16 January 22 Total Problem 171A (Algo) Computing Inventory costs under different valuation methods. LO 17-1, 17-2 The following data concerns inventory and purchases at Muse Company 32 wits at $95 Purchase January 6 January 22 Inventory. Ty 52 units at $94 wits at $94 27 nits at $85 73 nits .. Determine the cost of the ending inventory on January 31 under the average cost method. Determine the cost of the ending inventory on January 31 under the first in first out (FIFO) method. e. Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method Analyze which inventory valuation method resulted in the highest dollar amount for ending inventory Complete this question by entering your answers in the tabs below. FIFO LIFO Analy Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method. Merchandise available for sale Number of Un cost Total cost Ending inventory Number of Unit cost Total cost Begin meray Purchase anayo January 15
Problem 17.1A (Algo) Computing Inventory costs under different valuation methods. LO 17-1, 17-2 The following data concerns inventory and purchases at Muse Company Inventory, January 1 Purchases: January 6 January 15 January 22 Inventory, January 31 82 units at 95 S2 units at $94 37 units at 394 27 units at $88 73 units a. Determine the cost of the ending inventory on January 31 under the average cost method b. Determine the cost of the ending Inventory on January 31 under the first in, first out (FIFO) method. c. Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method Analyze: which inventory valuation method resulted in the highest dollar amount for ending Inventory? Complete this question by entering your answers in the tabs below. Average Cost FIFO LIFO Analyze Which inventory valuation method resulted in the highest dollar amount for ending inventory? Highest ending inventory valuation method
