Question: problem 3 please answer a,b,c and d Problem 3 The Pleasant Meadows Restaurant uses frozen ground beef packed in 10-pound poly bars in January was

problem 3 please answer a,b,c and d

Problem 3 The Pleasant Meadows Restaurant uses frozen ground beef packed in 10-pound poly bars in January was $30. Use the following information to calculate the value of ground beek for many of its soup and casserole items. The per-bag purchase cost of all bags received January 31 17 bags 28 bags inventory at the end of January: January 1 Inventory Count Ending Inventory $28.00 There were 37 bags purchased (delivered) during January. $30.00 a. Calculate the value of ground beef inventory using the FIFO method. b. Calculate the value of ground beef inventory using the LIFO method. c. Calculate the value of ground beef inventory using the actual cost method. (A proper inventory rotation system was in use.) d. Calculate the value of ground beef using the weighted average method

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