5 Calculate the weighted average, LIFO and FIFO8 Beginning inventory9 September purchased0 October purchased1 November purchased100 units @ $1.00 each150 units @$2.00 each200 units @$3.00 each300 units @$3.50 each53 used 301 units5455565758 WEIGHTED AVERAGE6970717273744.6.

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Calculate the weighted average, LIFO and FIFO Beginning inventory September purchased October purchased November purchased 100 units @ $1.00 each 150 units @$2.00 each 200 units @$3.00 each 300 units @$3.50 each used 301 units

Calculate the weighted average, LIFO and FIFO Beginning inventory September purchased October purchased November purchased 100 units @ $1.00 each 150 units @$2.00 each 200 units @$3.00 each 300 units @$3.50 each used 301 units

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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Question

5 Calculate the weighted average, LIFO and FIFO
8 Beginning inventory
9 September purchased
0 October purchased
1 November purchased
100 units @ $1.00 each
150 units @$2.00 each
200 units @$3.00 each
300 units @$3.50 each
53 used 301 units
54
55
56
57
58 WEIGHTED AVERAGE
69
70
71
72
73
74
4.
6.

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