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The following are data available for Blue Grass for the month of June: Sales 1,200 units Beginning inventory 300 units @ $4.00 600 units @
The following are data available for Blue Grass for the month of June:
Sales 1,200 units
Beginning inventory 300 units @ $4.00
600 units @ $4.20
400 units @ $4.40
500 units @ $4.50
1. The ending inventory under the FIFO cost flow assumption for Blue Grass was:
A. 2300
B. 2460
C. 2000
D. 2690
2. The ending inventory under the LIFO cost flow assumption for Blue Grass was:
A. 2690
B. 2400
C. 2460
D. 2550
3. The ending inventory under the Weighted Average cost flow assumption for Blue Grass was:
A.2757
B. 2367
C. 2677
D. 2577
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