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Question #3: The company's warehouse has been busy taking in and shipping out vendor-supplied automotive parts. The following table shows its activities in 5 consecutive
Question #3: The company's warehouse has been busy taking in and shipping out vendor-supplied automotive parts. The following table shows its activities in 5 consecutive periods, during this time the price of the parts has seen a steady increase. # Units Out # Units In Period Unit Price At the beginning of the period At the end of the period 1 150 100 2 250 110 180 3 100 120 200 4 100 130 100 5 100 Compute the total price for each stock withdrawal in periods 2, 3, 4 and 5 using: (a) FIFO (First In - First Out) rule (b) LIFO (Last In - First Out) rule (c) Weighted Average rule
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