Question: Inventory Costing Methods - Perpetual Method Fortune Stores uses the perpetual inventory system for its merchandise inventory. The pril 1 inventory for one of the

Inventory Costing Methods-Perpetual Method Fortune Stores uses the perpetual inventory system for its merchandise inventory. The pril 1 inventory for one of the
items in the merchandise inventory consisted of 120 units with a unit cost of $395. 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.
b. Calculate the cost of goods sold and the ending inventory cost for the month of April using the first-in, first-out method.
c. Calculate the cost of goods sold and the ending inventory cost for the month of April using the last-in, first-out method.
a. Weighted Average
 Inventory Costing Methods-Perpetual Method Fortune Stores uses the perpetual inventory system

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