Question: Inventory Costing Methods - Periodic Method Tally Stores uses the periodic inventory system for its merchandise inventory. The April 1 inventory for one of the

Inventory Costing Methods - Periodic Method
Tally Stores uses the periodic inventory system for its merchandise inventory. The April 1 inventory for one of the items in the merchandise inventory consisted of 120 units with a unit cost of $330. Transactions
for this item during April were as follows
Required
a. Calculate the cost of goods sold and the ending inventory cost for the month of April using the weighted-average cost method. Do not round until your final answers. Round your final answers to the nearest
dollar.
c. Calculate the cost of goods sold and the ending inventory cost for the month of April using the last-in, first-out method.
 Inventory Costing Methods - Periodic Method Tally Stores uses the periodic

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