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PROBLEMS: 1. The following information is given to you regarding the purchase, sale and beginning balance of inventory for the month of June, 2015 for

PROBLEMS: 1. The following information is given to you regarding the purchase, sale and beginning balance of inventory for the month of June, 2015 for Dae Jong Supplies Unlimited Inc. The company sells all their merchandise at a uniform selling price of $60 per unit. Required: A. Using the PERIODIC inventory system, determine the value of ending inventory in units and dollars on Nov 25, 2015. assuming FIFO, LIFO and AVERAGE costing method is used

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