Question: Part 1 : Compute the inventory at May 3 1 on each of the following bases. Assume that perpetual inventory records are kept in units

Part

1

: Compute the inventory at May

31

on each of the following bases. Assume that perpetual inventory records are kept in units only. Carry unit costs to the nearest cent. Assume costs are not computed for each withdrawal:

Compute:

1 .

First

-

,

first

-

out

2 .

Last

-

,

first out

3 .

Average cost

(

.

.,

weighted average method

)

Part 1: Compute the inventory at May 31 on each of

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