Question

Landor Office Supplies records inventory on a periodic basis and has a July beginning inventory of model 77 desk lamps consisting of 188 units at $ 84.50 each. Purchases and sales during July are as follows:
July 5 Sold 15 units.
12 Purchased 12 units @ $ 86 each.
14 Sold 18 units.
25 Purchased 25 units @ $ 88 each.
30 Sold 19 units.
Calculate the cost of the ending inventory under each of the following methods: weighted-average-cost; first-in, first-out; and last-in, first-out. (Round all computations to two decimal places.)



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  • CreatedOctober 21, 2014
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