rogers products uses a periodic inventory system. the company’s records show the beginning inventory of ph4 oil filters on january 1 and the purchases of this item during the current year to be as follows. jan. 1 beginning inventory 13 units @ $ 3.00 $ 39.00 feb. 23 purchase 18 units @ $ 3.50 63.00 apr. 20 purchase 25 units @ $ 3.80 95.00 may 4 purchase 43 units @ $ 4.00 172.00 nov. 30 purchase 17 units @ $ 5.00 85.00 totals 116 units $ 454.00 a physical count indicates 24 units in inventory at year-end. determine the cost of the ending inventory on the basis of each of the following methods of inventory valuation. (remember to use periodic inventory costing procedures.). a. Average cost. b. FIFO. c. LIFO. round your intermediate and final answers to 2 decimal places
rogers products uses a periodic inventory system. the company’s records show the beginning inventory of ph4 oil filters on january 1 and the purchases of this item during the current year to be as follows. jan. 1 beginning inventory 13 units @ $ 3.00 $ 39.00 feb. 23 purchase 18 units @ $ 3.50 63.00 apr. 20 purchase 25 units @ $ 3.80 95.00 may 4 purchase 43 units @ $ 4.00 172.00 nov. 30 purchase 17 units @ $ 5.00 85.00 totals 116 units $ 454.00 a physical count indicates 24 units in inventory at year-end. determine the cost of the ending inventory on the basis of each of the following methods of
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