Toso Company uses the periodic inventory system to account for inventories. Information related to Toso Company's inventory at October 31 is given below:

Instructions:

1. Show computations to value the ending inventory using the FIFO cost assumption if 550 units remain on hand at October 31.

2. Show computations to value the ending inventory using the weighted-average cost method if 550 units remain on hand at October 31.

3. Show computations to value the ending inventory using the LIFO cost assumption if 550 units remain on hand at October 31.

Sept. 14 Paid Hunter in full, less discount, Instructions Journalize the September transactions for Reid Supply 2. Toso Company uses the periodic inventory system to account for inventories. Information related to Toso C ompany's inventory at October 31 is given below: October 1 Beginning inventory 400 units @ 10.00 = 4,000 8 Purchase 800 units @ 10.40 = 8,320 16 Purchase 600 units @ 10.80 = 6,480 24 Purchase 200 units @ 11.60 =2.320 Total units and cost 2.000 units 21. 120 Instructions 1. Show computations to value the ending inventory using the FIFO cost assumption if 550 units remain on h and at October 31 2. Show computations to value the ending inventory using the weighted average cost method if 550 units rem ain on hand at October 31. a3. Show computations to value the ending inventory using the LIFO cost assumption if 550 units remain on hand at October 31 List Comments 0