Question
Sarasota Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $655 each. On January 10,
Sarasota Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $655 each. On January 10, Sarasota purchased 8 units at $755 each. The company sold 2 units on January 8 and 4 units on January 15.
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Compute the ending inventory under FIFO. (Round answer to 0 decimal places, e.g. 1,250.)
FIFO | ||
The ending inventory | $ |
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Compute the ending inventory under LIFO. (Round answer to 0 decimal places, e.g. 1,250.)
LIFO | ||
The ending inventory | $ |
eTextbook and Media
Incorrect answer iconYour answer is incorrect.
Compute the ending inventory under moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, e.g. 1,250.)
MOVING-AVERAGE COST | ||
The ending inventory |
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