The Chicago Men's Shop made the following purchases of dress shirts: 50 shirts at $ 78.32 in

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The Chicago Men's Shop made the following purchases of dress shirts: 50 shirts at $ 78.32 in January, 60 shirts at $ 41.21 in March, 75 shirts at $ 82.74 in June, and 35 shirts at $ 61.60 in August. A September inventory found 150 shirts remaining.

Find the inventory value using a) weighted average method, b) FIFO Method, and c) LIFO Method. Round final answers to the nearest cent.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 08, 2024 10:55 PM

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The Chicago Men's Shop made the following purchases of dress shirts: 50 shirts at $ 78.32 in

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To find the inventory value using different methods lets calculate the cost of shirts purchased and ... View the full answer

Income Tax Fundamentals 2013

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