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Problem E The following purchases and sales for Ripple Company are for April 2010. There was no inventory on April 1. Purchases Sales Unit Units
Problem EThe following purchases and sales for Ripple Company are for April 2010. There was no inventory on April 1.
Purchases | Sales | ||||
Unit | |||||
Units | Cost | Units | |||
April 3 | 3,200 | @ | $33.00 | April 6 | 1,500 |
April 10 | 1,600 | @ | 34.00 | April 12 | 1,400 |
April 22 | 2,000 | @ | 35.00 | April 25 | 2,300 |
April 28 | 1,800 | @ | 36.00 |
- Compute the ending inventory as of 2010 April 30, using perpetual inventory procedure, under each of the following methods: (1) FIFO, (2) LIFO, and (3) weighted-average (carry unit cost to four decimal places and round total cost to nearest dollar).
- QUESTION 2 Repeatausingperiodicinventoryprocedure.
- How would I answer QUESTION 2?
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