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Units Cost/price Opening inventory 10,500 $4.25 Sale #1 (7,500) $7.50 Purchase #1 2,500 $4.45 Sale #2 (4,500) $7.75 Purchase #2 3,500 $4.15 Required: Calculate the
Units Cost/price Opening inventory 10,500 $4.25 Sale #1 (7,500) $7.50 Purchase #1 2,500 $4.45 Sale #2 (4,500) $7.75 Purchase #2 3,500 $4.15 Required: Calculate the ending inventory for FIFO and weighted average cost flow assumptions under both periodic and perpetual systems
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