REI made the following purchases of socks. Beginning inventory 200 packages at $3.10 May 250 packages at $3.50 August 300 packages at %4.25 October 280 packages at $4.50 Find the inventory value using: Weighted average method FIFO LIFO

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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REI made the following purchases of socks.

Beginning inventory         200 packages at $3.10

May                      250 packages at $3.50

August                    300 packages at %4.25

October                   280 packages at $4.50

Find the inventory value using:

  1. Weighted average method
  2. FIFO
  3. LIFO
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