Question: PLEASE HELP ANSWER PART B ! ! ! P 8 . 5 ( LO 3 ) ( Compute FIFO, LIFO, and Average - Cost )
PLEASE HELP ANSWER PART B
PLO Compute FIFO, LIFO, and AverageCost Some of the information found on a detail inventory card for Slatkin Inc. for the first month of operations is as follows.
Received
Instructions
Firstin firstout FIFO
Lastin firstout LIFO
Averagecost
PCompute FIFO, LIFO, and AverageCost Some of the information found on a detail inventory card for Slatkin Inc. for the first month of operations is as follows.
Received
tableReceivedIssued, No of Units,Balance, No of UnitsDateNo of Units,Unit CostJanuary$
Instructions
a From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records are kept in units only. Carry unit costs to the nearest cent and ending inventory to the nearest dollar.
Firstin firstout FIFO
Lastin firstout LIFO
Averagecost
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