Question: Tableau DA 5-2: Exercise, Perpetual: Inventory costing methods LO P1 ATV Co. began operations on March 1 and uses a perpetual inventory system. It


Tableau DA 5-2: Exercise, Perpetual: Inventory costing methods LO P1 ATV Co. began operations on March 1 and uses a perpetual inventory system. It entered into purchases and sales for March as shown in the Tableau Dashboard. March Sunday Monday Tuesday Wednesday Thursday Friday Saturday Legend No Purchases or Sales Purchases Sales 2 3 4 5 10 10 6 14 11 12 22 17 47 7 13 18 19 8 9 14 14 20 20 15 21 21 16 16 22 223 24 25 31 26 26 27 27 28 29 29 tableau 1. Compute the cost assigned to ending inventory using FIFO. 2. Compute the cost assigned to ending inventory using LIFO. 3. Compute the cost assigned to ending inventory using Weighted Average. 30
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To create the required table with calculations for FIFO LIFO and Weighted Average we need assumptions about Unit cost and quantity for purchases on th... View full answer
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