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Required information Skip to question [The following information applies to the questions displayed below.] Collier Co. uses a perpetual inventory system. It entered into the

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Required information

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[The following information applies to the questions displayed below.] Collier Co. uses a perpetual inventory system. It entered into the following purchases and sales transactions for April.

Date Activities Units Acquired at Cost Units Sold at Retail
April 1 Beginning inventory 60 units @ $50.20 per unit
April 4 Purchase 205 units @ $55.20 per unit
April 8 Sales 220 units @ $85.20 per unit
April 17 Purchase 65 units @ $60.20 per unit
April 24 Purchase 110 units @ $62.20 per unit
April 28 Sales 90 units @ $95.20 per unit
Totals 440 units 310 units

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Required information [The following information applies to the questions displayed below.] Collier Co. uses a perpetual inventory system. It entered into the following purchases and sales transactions for April. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, and (c) weighted average. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO. Compute the cost assigned to ending inventory using FIFO

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