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Wildhorse Inc. uses a periodic inventory system. Its records show the following for the month of May, in 68 units were sold. Date May 1
Wildhorse Inc. uses a periodic inventory system. Its records show the following for the month of May, in 68 units were sold. Date May 1 15 24 Explanation Units Unit Cost Inventory $9 Purchase Purchase Total 31 23 38 92 11 13 Total Cost $279 253 494 $1,026 alculate the ending inventory at May 31 using the (a) FIFO, (b) LIFO, and (c) average-cost methods. (Ro verage unit cost to 2 decimal places, e.g. 2.51 and final answers to 0 decimal places, e.g. 125.)
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