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The units of an item available for sale were as follows: January Inventory 30 units @ $10 February Purchase 50 units @ $15 March Purchase
The units of an item available for sale were as follows:
January | Inventory | 30 units @ $10 |
February | Purchase | 50 units @ $15 |
March | Purchase | 63 units @ $20 |
April | Purchase | 40 units @ $25 |
There are 50 units of the item in the physical inventory on April 30. Determine the ending inventory cost by (a) FIFO (b) LIFO (c) Average Cost.
a.
b.
c.
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