Question
Your radiology department purchased film on the following dates and amounts: Units Price Total January 1 beginning balance 10 Units $150 price $1,500 total July
Your radiology department purchased film on the following dates and amounts:
Units Price Total
January 1 beginning balance 10 Units $150 price $1,500 total
July 1 purchase 10 units $155 price 1,550 total
December 1 purchase 20 units $160 price 3,200 total
Total 40 units $6,250 Ending Inventory 25
Using FIFO, LIFO, and weighted average, what is your ending cost of inventory?
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
