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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.

I GOT

A)1,200

B)600

C)3,310.47

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