Blair Enterprises recorded inventory information for the month of September as follows: Sept. 5 65 units at $6 each Sept. 13 55 units at $8 each Sept. 29 44 units at $10 each Sept. 30 70 units Determine ending inventory cost by (a) the FIFO method, (b) the LIFO method, and (c) the weighted average cost method. Round your answers to the nearest dollar. FIFO method: LIFO method: Purchase Purchase Purchase Ending inventory Weighted average cost method: DO
Blair Enterprises recorded inventory information for the month of September as follows: Sept. 5 65 units at $6 each Sept. 13 55 units at $8 each Sept. 29 44 units at $10 each Sept. 30 70 units Determine ending inventory cost by (a) the FIFO method, (b) the LIFO method, and (c) the weighted average cost method. Round your answers to the nearest dollar. FIFO method: LIFO method: Purchase Purchase Purchase Ending inventory Weighted average cost method: DO
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 4PEA: Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory...
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