Edmonson Corporation had the following purchases and issues during March:

Required:
Compute the cost of units issued and the cost assigned to the March 31 inventory by each of these perpetual inventory costing methods:
(1) First in, first out
(2) Last in, first out
(3) Average, rounding unit cost to the nearest tenth of a cent.

Transcribed Image Text:

March 1 Beginning balance: 750 units $20 per unit 3 Purchased 400 units $19.50 per unit 5 Issued 600 units 12 Purchased 350 units$21.50 per unit 15 Issued 500 units 18 Purchased 500 units $22 per unit 22 Issued 400 units 26 Purchased 550 units s21 per unit 28 Issued 650 units 31 Purchased 200 units $20 per units