Instructions: Compute the inventory value using the following methods

Excel formula not needed for this problem Assume the following

$$

July

$1$

$$Inventory on hand

$100$

$$units @$

$2$

$$each July

$5$

$$purchased

$200$

$$units @$

$3$

$$each

July

$20$

$$purchased

$300$

$$units @$

$4$

$$each

July

$25$

$$purchased

$400$

$$units @$

$5$

$$each

Used

$401$

$$units

Show the ending inventory calculation for FIFO Show the ending inventory calculation for Weighted Average

Show the ending inventory calculation for LIFO