perpetual inventory system_calculate ending inventory

$5.00

Description

Using the following information to calculate ending inventory on (a) a LIFO basis (b) FIFO basis and (c) average-cost basis. Assume a perpetual inventory system.

Round answers to the nearest dollar.

Dec. 1 Beginning inventory 70 units @ $28
Dec. 9 Purchases 30 units @ $32
Dec. 17 Sales 25 units
Dec. 22 Purchases 15 units @ $36
Dec. 27 Sales 40 units

Reviews

There are no reviews yet.

Be the first to review “perpetual inventory system_calculate ending inventory”

Your email address will not be published. Required fields are marked *