Comparing Inventory Costing Methods

Better Bottles, Incorporated uses a periodic inventory system and has provided its current inventory information. The Controller has asked you to prepare a comparison of the Ending Inventory and Cost of Goods Sold totals for three different inventory costing methods: Periodic FIFO, LIFO, and Weighted$-$Average.

$5$

points

References

$\backslash$table$[[$Description$,$# of Units,Cost per Unit,Total Cost$],[$Beginning Inventory,$20,$$$20\mathrm{.}00,$$$400\mathrm{.}00$