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

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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