Question: Do problem 3 a through d The Pleasant Meadows Restaurant uses frozen ground beef packed in 10-pound poly bags for many of its soup and

Do problem 3 a through d

Do problem 3 a through d The Pleasant Meadows

The Pleasant Meadows Restaurant uses frozen ground beef packed in 10-pound poly bags for many of its soup and casserole items. The per-bag purchase cost of all bags received in January was $30. Use the following information to calculate the value of ground beef inventory at the end January: There were 37 bags purchased (delivered) during January. a. Calculate the value of ground beef inventory using the FIFO method. b. Calculate the value of ground beef inventory using the LIFO method. c. Calculate the value of ground beef inventory using the actual cost method. (A proper inventory rotation system was in use.) d. Calculate the value of ground beef using the weighted average method

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