Question: I need help with this question. Thank You. -16 Question 4 View Policies Current Attempt in Progress Cynthia Company uses the periodic inventory system to

-16 Question 4 View Policies Current Attempt in Progress Cynthia Company uses the periodic inventory system to account for inventories. Information related to Cynthia Company's inventory at October 31 is given below: October 1 Beginning inventory 400 units x $9.70 = 8 Purchase 800 units x $10.30 = 16 Purchase 590 units x $11.00 = 24 Purchase 215 units x $11.80 = Total units and cost 2,005 units $3,880 8,240 6,490 2,537 $21,147 Value the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. Ending Inventory $ eTextbook and Media owic de cochodu 4:15F nemli.hondach Value thondimento PAR 40 10/12 Value the ending inventory using the weighted average cost method if 500 units remain on hand at October 31. (Round average cost per unit to 2 decimal places, 6-3.5.25 and final answer to decimal places, s. 2,520.) Ending Inventory $ eTextbook and Media Value the ending inventory using the LIFO cost assumption if 500 units remain on hand at October 31. Ending Inventory $ eTextbook and Media Attempts: 0 of 3 used Save for Later Submit Answer AR 416 PM 40 10/1/2018
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
