Question: Compute ending inventory using FIFO and LIFO BE6.3 (LO 2), AP In its first month of operations, Weatherall Company made three purchases of mer

Compute ending inventory using FIFO and LIFO BE6.3 (LO 2), AP In

Compute ending inventory using FIFO and LIFO BE6.3 (LO 2), AP In its first month of operations, Weatherall Company made three purchases of mer chandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8. Assum- ing there are 380 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Weatherall uses a periodic inventory system. of mer

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