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The following purchases and sales for Ripple Company are for April 2019. There was no inventory on April 1. Problem 7-5 Compute ending inventory under
The following purchases and sales for Ripple Company are for April 2019. There was no inventory on April 1. Problem 7-5 Compute ending inventory under FIFO, LIFO, and weighted average using perpetual and periodic inventory procedures (L03) Purchases Sales April 3 April 10 April 22 April 28 Unit 6.000 1.600 2,000 1.800 @ @ @ @ Unit Cost $33.00 34.00 35.00 36.00 Units April 6 1,500 April 121,400 April 25 2,300 a. Compute the ending inventory as of Anril 30, 2019, using the perpetual inventory procedure, under each of the following methods: (1) FIFO.(2) LIFO, and (3) weighted average (carry unit cost to four decimal places, and round total cost to nearest dollar b. Repeat part a using the periodic inventory procedure
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