Question: 29. View Policies Current Attempt in Progress Compute the cost to be assigned to ending inventory for each of the methods indicated given the following
View Policies Current Attempt in Progress Compute the cost to be assigned to ending inventory for each of the methods indicated given the following information about purchases and sales during the year. (Do not round intermediate calculations, Round final answers to decimal places, eg. 2,520.) January 1 $570 Beginning Inventory 95 items @ $6 2,765 1 395 items @ $7 May Purchases Total Available 490 items $3,335 Total Sales 360 items December 31 Ending Inventory 130 $ Cost assigned on an average cost basis $ Cost assigned on a FIFO basis $ Costs assigned on a LIFO basis $ Save for Later
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