Question
Purchases Sales April1(balance on hand) 2..0@$5.20 April 5 410 April 4 5..0@$5.30 12 310 April 11 4..0@5.5 27 1020 18 3..0@5.6 28 150 26 7..0@5.8
Purchases
Sales
April1(balance on hand) 2..0@$5.20 April 5 410
April 4 5..0@$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?
Plz give me detailed explanation. Thx
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
