Beginning inventory and purchases are presented below: November 1 Beginning inventory .............................. 10 units at $61 November 6 purchase ................................................. 40 units at $62 November 14 purchase ............................................... 35 units at $65 November 24 purchase ............................................... 15 units at $63 Assuming the periodic inventory system, on November 30th there are 23 items left in inventory. Determine the Total Cost of the Merchandise Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average FIFO LIFO Beginning inventory and purchases are presented below: November 1 Beginning inventory .............................. 10 units at $61 November 6 purchase ................................................. 40 units at $62 November 14 purchase ............................................... 35 units at $65 November 24 purchase ............................................... 15 units at $63 Assuming the periodic inventory system, on November 30th there are 23 items left in inventory. Determine the Total Cost of the Merchandise Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average FIFO LIFO Beginning inventory and purchases are presented below: November 1 Beginning inventory .............................. 10 units at $61 November 6 purchase ................................................. 40 units at $62 November 14 purchase ............................................... 35 units at $65 November 24 purchase ............................................... 15 units at $63 Assuming the periodic inventory system, on November 30th there are 23 items left in inventory. Determine the Total Cost of the Merchandise Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average Weighted Average Cost Weighted Average Cost
- Beginning inventory and purchases are presented below:
November 1 Beginning inventory .............................. 10 units at $61
November 6 purchase ................................................. 40 units at $62
November 14 purchase ............................................... 35 units at $65
November 24 purchase ............................................... 15 units at $63
Assuming the periodic inventory system, on November 30th there are 23 items left in inventory. Determine the Total Cost of the Merchandise Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average
- FIFO
- LIFO
- Beginning inventory and purchases are presented below:
November 1 Beginning inventory .............................. 10 units at $61
November 6 purchase ................................................. 40 units at $62
November 14 purchase ............................................... 35 units at $65
November 24 purchase ............................................... 15 units at $63
Assuming the periodic inventory system, on November 30th there are 23 items left in inventory. Determine the Total Cost of the Merchandise Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average
- FIFO
- LIFO
- Beginning inventory and purchases are presented below:
November 1 Beginning inventory .............................. 10 units at $61
November 6 purchase ................................................. 40 units at $62
November 14 purchase ............................................... 35 units at $65
November 24 purchase ............................................... 15 units at $63
Assuming the periodic inventory system, on November 30th there are 23 items left in inventory. Determine the Total Cost of the Merchandise Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average
- Weighted Average Cost
- Weighted Average Cost
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