The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory June 16 Purchase Nov. 28 Purchase 23 units @ $31 $713 28 units @ $35 980 37 units @ $36 1,332 88 units $3,025 3 There are 13 units of the product in the physical inventory at November 30. The periodic inventory system is used. a. Determine the inventory cost using the FIFO method. = 田 c. Determine the inventory cost using the weighted average cost methods. Round interim calculations and final answer to two decimal places. b. Determine the inventory cost using the LIFO method.

The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory June 16 Purchase Nov. 28 Purchase 23 units @ $31 $713 28 units @ $35 980 37 units @ $36 1,332 88 units $3,025 3 There are 13 units of the product in the physical inventory at November 30. The periodic inventory system is used. a. Determine the inventory cost using the FIFO method. = 田 c. Determine the inventory cost using the weighted average cost methods. Round interim calculations and final answer to two decimal places. b. Determine the inventory cost using the LIFO method.

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...

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