solve: monty appliances, use a perpetual inventory system. For its flat screen television sets, the January 1 inventory was four sets at $655 each. On January 10, Monty purchased six units at $765 each. The company sold three units on January 8 and four units on January 15 solve the moving average cost ending inventory

Your answer is correct. Compute the ending inventory under LIFO. Monty Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $655 each. On January 10 , Monty purchased 6 units at $765 each. The company sold 3 units on January 8 and 4 units on January 15. (a) Compute the ending inventory under FIFO. Compute the ending inventory under moving-average cost. (Round average-cost per unit to 3 decimal places, e.z. 12.521 and final answer to 0 decimal places, e.g. 1,250