Bleistine Company had the following transactions for the month. Calculate the ending inventory dollar value for each
Question:
Bleistine Company had the following transactions for the month.
Calculate the ending inventory dollar value for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations.
A. First-in, first-out (FIFO)
B. Last-in, first-out (LIFO)
C. Weighted average (AVG)
Transcribed Image Text:
Beginning inventory Purchased Jun. 1 Purchased Nov. 1 Ending inventory Number of Units 880 750 800 110 Cost per Unit $35 40 43 ?
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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