Question: pls help Periodic Inventory Using fro, LIFO, and weighted Average cost Methods The units of an item available for sale during the year were as

pls help

Periodic Inventory Using fro, LIFO, and weighted Average cost Methods The units of an item available for sale during the year were as follows: Jan. Inventory Purchase 4 units at 841 11 units at $43 $164 473 Aug 13 Nov 30 Purchase 7 units at $44 308 22 units $945 Available for sale There are 9 units of the item in the physical inventory at December 31. The periodic Inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) tastin, first-out (LIFO) method; and (c) weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar) First-in, first-out (FFO) b. Last-in, first-out (LIFO) Weighted average cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Following is the current asset section from the Ralph Lauren Corporation balance sheet: The 2018 allowance consists of $202.5 for returns and $19.7 for uncollectible accounts. The amounts tor 2017...

PLEASE HELP Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 17 units at $30 $510 Aug....

Please help! Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 30 units at $460 $13,800...

help!! Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: There are 23 units of the item in the physical...

Please Help! Periodic inventory using FIFO, LIFO, and weighted average cost methods The units of an item available for sale during the year were as follows: There are 17 units of the item in the...

Please help!. Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 30 units at $460 $13,800...

Please Help! Periodic inventory using FIFO, LIFO, and weighted average cost methods The units of an item available for sale during the year were as follows: There are 17 units of the item in the...

Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during the year were as follows lan 1 Inventory 8 units at 55,000 340,000 Aug 7 Purchase...

eBook Show Me How Printem Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory Aug. 7...

Question 1 Part A Part B Part C Part D Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: $174 Jan. 1 Aug....

Selected financial data for Amberjack Corporation follows. Year 1 ($ thousands). 342,297 268, 276 (174,129) (61,247) Sales Cost of goods sold Net income Cash flow from operations Cash Marketable...

1. Assume the role of a prospective buyer for these two businesses. How would you conduct the due diligence necessary to determine whether they would be good investments?

8 This is part of Li's homework. Question Round each number to 3 s.f. a 2374650 Answer a 237 b 0.002058 84 b 0.002 Li has rounded one large number and one small number to three significant figures....

Using Java code how would I create an interface Discount Policy. Create an interface DiscountPolicy. It should have a single method computeDiscount thatwill return the discount for the purchase of a...