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
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Blair Enterprises recorded inventory information for the month of September as follows:
Sept. 5
Sept.
65 units at $6 each
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.
Purchase
Purchase
Purchase
Ending inventory.
13
FIFO method:
LIFO method:
Weighted average cost method:
000
Transcribed Image Text:Blair Enterprises recorded inventory information for the month of September as follows: Sept. 5 Sept. 65 units at $6 each 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. Purchase Purchase Purchase Ending inventory. 13 FIFO method: LIFO method: Weighted average cost method: 000
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