Question: Current Attempt in Progress Sunland Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 76 units
Current Attempt in Progress Sunland Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 76 units were sold. Date May 1 15 24 Explanation Inventory Purchase Purchase Total Units Unit Cost 30 27 37 94 $9 Ending inventory at May 31 $ 11 13 Total Cost FIFO $270 297 481 Calculate the ending inventory at May 31 using the (a) FIFO, (b) LIFO, and (c) average-cost methods. (Round average unit cost to 2 decimal places, e.g. 2.51 and final answers to O decimal places, e.g. 125.) $1,048 $ LIFO LA AVERAGE-COST
Sunland Inc uses a periodic inventory system, Its records show the following for the month of Mary, in which 76 units were 50 ld. Calculate the ending inventory at May 31 using the (a) FIFO, (b) LIFO, and (c) average-cost methods. (Round overage unit cost to 2 decimal places, es. 2.51 and final answers to 0 decimal places, es. 125.)
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