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PROBLEM IV The periodic inventory records of ABC Company indicate the following for the month of June: table [ [ June 1 , Beginning

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PROBLEM IV
The periodic inventory records of ABC Company indicate the following for the month of June:
\table[[June 1,Beginning merchandise inventory,6 units @ $60 each],[8,Purchase,5 units @ $67 each],[15,Purchase,10 units @ $70 each],[26,Purchase,5 units @ $85 each]]
At June 30, ABC Company had seven units of inventory on hand
a) Compute the ending merchandise inventory using the FIFO method.
b) Compute the ending merchandise inventory using the LIFO method
c) Compute the ending merchandise inventory using the weighted average.
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