Question
Use the following information to answer questions 10, 11, and 12. April 1 Inventory 200 units @$3.00 April 6 Purchased 300 units @$3.30 April 14
Use the following information to answer questions 10, 11, and 12.
April 1 Inventory 200 units @$3.00
April 6 Purchased 300 units @$3.30
April 14 Purchased 100 units @$3.60
April 20 Purchased 200 units @$3.90
April 25 Purchased 40 units @$4.20
Sold 620 units in April
Question 10
Using the weighted average method, calculate the cost of ending inventory
$2,139
$ 792
$ 759
$ 846
Question 11
Using the LIFO method, calculate the cost of ending inventory
$ 666
$ 870
$2,232
$2,028
Question 12
Using the FIFO method, calculate the cost of ending inventory
$2,028
$2,232
$ 870
$ 666
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