FIFO Template

LIFO Template

average cost template.

please help.I included the templates that needed for the assignmemt.Thank you.

pioless inventory lost at June 30, 2016. Show supporting computations in PSS Retail Inventory Method Turner Corporation uses the retail inventory method. Thefollowving LO 8.4 to 2016: relates Cost Retail Cost Retail Inventory, January 1 Purchases (gross price) Purchases discounts taken Purchases returns Freight-in Employee discounts $29,000 45,000 Additional markups -$50,000 10,000 15,000 3,000 190,000 140,000 190,000 Markup cancellations 3,000 5,000 20,000 Markdowns 8,000 Markdown cancellations -Net Sales 3,000 Required: Compute the cost of the ending inventory under cach of the following cost flow assumptions (round the retail ratio to 3 decimal places): 1. FIFO 2. average cost 3. LIFO 4. lower of cost or market (based on average cost) cost-to- uil inventory method. The following information