Problem 2what is the total inventory value of the following products?Physical InventoryType of Product:Month:Amount inProductUnitPurchase CostTotal CostStorageGround Beef10-lb bag6 bags$2.10/lbCanned Peaches6 #10/cs3-5/6 cs$39.40/csFlour50 lb2 bags$22.10/bagShrimp10/5 lb per case3-8/10 cs$7.50/lbTotalWhat is the total value of the products?

The total inventory value is given below:

Answered: Gr Canr

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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How much are the ending inventory and cost of sales under the moving average method?
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Given the following: Numberpurchased Costper unit Total January 1 inventory 40 $4 $160 April 1 60 7 420 June 1 50 8 400 November 1 55 9 495 205 $1,475 A. Calculate the cost of ending inventory using the FIFO (ending inventory shows 61 units). Cost of ending inventory is: B. Calculate the cost of goods sold using the FIFO (ending inventory shows 61 units). Cost of goods sold is:
Please help me with show all calculation thanku

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