16 units at $25 .30 5 units at $26 ilable for sale 36 units re are 18 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost a (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and rest whole dollar). 13 Purchase Purchase First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average cost 400 130 $890

16 units at $25 .30 5 units at $26 ilable for sale 36 units re are 18 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost a (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and rest whole dollar). 13 Purchase Purchase First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average cost 400 130 $890

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 5EA: Akira Company had the following transactions for the month. Calculate the ending inventory dollar...

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