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Trini Company had the following transactions for the month. Calculate the ending inventory dollar value for each of the following cost allocation methods, using periodic
Trini Company had the following transactions for the month.
Calculate the ending inventory dollar value for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. FIFO (First in first out), B. LIFO (last in first out), C. Weighted average (AVG).
Number of Units Cost per unit Total
Beginning Inventory 1,050 $22 $23,100
Purchased May 31 1,020 $23 $23,460
Purchased Jul. 15 1,300 $26 $33,800
Purchased Nov. 1 1,200 $27 $32,400
Totals (goods available) 4,570 $112,760
Ending inventory 900 $ ??
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