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Part 1

25th Century Electronic Center began December with 90 units of merchandise inventory that cost $60 each. During December, the store made the following purchases:

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(Click the icon to view the purchases.)

25th Century uses the periodic inventory system, and the physical count at December 31 indicates that 140 units of merchandise inventory are on hand.

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requirements

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25th Century Electronic Center began December with 90 units of merchandise inventory that cost $60 each. During December, the store made the following purchases: (Click the icon to view the purchases.) 25th Century uses the periodic inventory system, and the physical count at December 31 indicates that 140 units of merchandise inventory are on hand. Read the Requirement 1. Determine the ending merchandise inventory and cost of goods sold amounts for the December financial statements using the FIFO, LIFO, and weighted-averag inventory costing methods. 25th Century Electronic Center began December with 90 units of merchandise inventory that cost $60 each. During December, the store made the following purchases: (Click the icon to view the purchases.) 25th Century uses the periodic inventory system, and the physical count at December 31 indicates that 140 units of merchandise inventory are on hand. Read the Data table Requirement 1. Determine the en inventory costing methods. Ending inventory Cost of goods sold December financial statements using the FIFO, LIFO, and weighted-average