Question: Current Attempt in Progress In its first month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1) 195 units at
Current Attempt in Progress In its first month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1) 195 units at $4, (2) 295 units at $5, and (3) 395 units at $8. Assuming there are 250 units on hand, compute the cost of the ending inventory under (1) the FIFO method and (2) the LIFO method. Bramble uses a periodic inventory system. Cost of Ending Inventory-FIFO Cost of Ending Inventory-LIFO $ $
Current Attempt in Progress In its first month of operations, Bramble Company made three purchases of merchandiste in the following sequence: (1) 195 units at $4 (2) 295 units at 55 , and (3) 395 units at 58 . Assuming there are 250 units an hand, compute the cost of the endirg inventory under (2) the FiFO method and (2) the tro method. Gramble uss a periodic inventory system. Cost of Ending Inventury-rito Cost of Endingtinventory-LIFO
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