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There are 10 units in ending inventory compute the value of the ending inventory using the periodic inventory method. Compute the answer using FIFO, LIFO
There are 10 units in ending inventory compute the value of the ending inventory
using the periodic inventory method. Compute the answer using FIFO, LIFO and the average
cost methods. (round your answer to the nearest whole number)
Price Cost
Number Per Per
Date Transaction of units unit Purchase
Apr. 3 Inventory 2 10 20
8 Purchase 2 15 30
11 Purchase 3 20 60
30 Purchase 2 25 50
May 8 Purchase 3 25 75
10 Purchase 3 30 90
19 Purchase 3 30 90
28 Purchase 3 35 105
June 5 Purchase 3 40 120
16 Purchase 4 40 160
21 Purchase 4 45 180
28 Purchase 3 50 150
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