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Given the following information, you have been requested by your supervisor to submit the cost of ...

Given the following information, you have been requested by your supervisor to submit the cost of ending inventory under LIFO, FIFO, and weighted average. At year end, 850 units remained in inventory.

Note: Round the ratio to two decimal places and round your final answer to the nearest cent.

January 1 inventory	2,500 at $ 2.95
April 9	4,000 at $ 4.00
June 15	1,000 at $ 6.50
August 10	500 at $ 7.00
December 9	200 at $ 8.50

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 35 times

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You make an excellent tutor!

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Smart ... Thanks!

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Good timing, thanks!

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