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Presented below is information related to Blowfish radios for the Kingbird Company for the month of July. Date Transaction Units In Unit Cost Total Units
Presented below is information related to Blowfish radios for the Kingbird Company for the month of July. Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July 1 Balance 110 $4.30 $ 473 6 Purchase 880 4.40 3,872 7 Sale 330 $6.70 $ 2,211 10 Sale 330 7.00 2,310 12 Purchase 440 4.70 2,068 15 Sale 220 7.10 1,562 18 Purchase 330 4.80 1,584 22 Sale 440 7.10 3,124 25 Purchase 550 4.78 2,629 30 Sale 220 7.20 1,584 Totals 2,310 $10,626 1,540 $10,791 Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to O decimal places, eg. 6,578.) (1) FIFO. (2) LIFO. (3) Weighted average. (1) FIFO (2) (3) Weighted-Average LIFO Ending Inventory at July 31 $ A 3685 $ $
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