Question: ManCo Stereo uses the periodic inventory system Following are the

ManCo Stereo uses the periodic inventory system. Following are the data for its inventories on January 1, the beginning of the fiscal year; purchases during the year; and the inventory count at December 31.


Required
1. Determine the cost of the inventory on December 31 by the weighted- average- cost method. (Round to two decimal places.)
2. Determine the cost of the inventory on December 31 by the first- in, first- out method.
3. Determine the cost of the inventory on December 31 by the last- in, first- outmethod.
View Solution:


Sale on SolutionInn
Sales1
Views152
Comments
  • CreatedOctober 21, 2014
  • Files Included
Post your question
5000