Please help me 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:January 1February 23April 20May 4November 30Beginning inventoryPurchasePurchasea. Average costb. FIFOc. LIFOPurchasePurchase*Totals12 units15 units$3.00$3.5028 units $3.8035 units @ $4.0017 units $5.00107 unitsA physical count indicates 25 units in inventory at year-end.Required:Determine the cost of the ending inventory on the basis of each of the following methods of inventory valuation. (Remember to useperiodic inventory costing procedures.)Note: Round your intermediate and final answers to 2 decimal places.EndingInventory$ 98.00$36.0052.50106.40140.0085.00$ 419.90

Name: Please help me Rogers Products uses a periodic inventory system. The c
Uploaded: 2024-03-20T06:32:37.000Z
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Description: Please help me 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:January 1February 23April 20Ma

FIFO means first in first out. In FIFO , cost of goods sold is valued at oldest price and closing…

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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: January 11 February 23 April 20 May 4 November 30 a. Average cost b. FIFO c. LIFO Beginning inventory Purchase Purchase. Purchase Purchase Totals $ A physical count indicates 25 units in inventory at year-end. Required: 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.) Note: Round your intermediate and final answers to 2 decimal places. Ending Inventory 12 units $3.00 15 units @ $3.50 28 units 35 units $3.80 $4.00 17 units $5.00 107 units 98.00 $36.00 52.50 106.40 140.00 85.00 $ 419.90