Question
Purchases Sales April1(balance on h..;@$5.20 April 5 410 April 4 5..;@$5.30 12 310 April 11 4..0@5.5 27 1020 18 3..0@5.6 28 150 26 7..0@5.8 30
Purchases
Sales
April1(balance on h..;@$5.20 April 5 410
April 4 5..;@$5.30 12 310
April 11 4..0@5.5 27 1020
18 3..0@5.6 28 150
26 7..0@5.8
30 3..0@6.0
If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, Find ending inventory under
(1) FIFO, (2) LIFO and (3) Average-cost?
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
?978-0073379609
