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WET Exercise 206 Compute the cost to be assigned to ending inventory for each of the methods indicated given the following information about purchases and

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WET Exercise 206 Compute the cost to be assigned to ending inventory for each of the methods indicated given the following information about purchases and sales during the year. (Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 2,520.) January 1 Beginning Inventory 150 items @ $3 - $450 May 1 Purchases 440 items $6 2,640 Total Available 590 Items $3,090 Total Sales 435 items December 31 Ending Inventory 155 Cost assigned on an average-cost basis Cost assigned on a FIFO basis Costs assigned on a LIFO basis Click if you would like to show Work for this question: Open Show Work

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