Transaction Units and Cost Beginning inventory 20 units at $46 Sale 12 units at $69 First...
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Transaction Units and Cost Beginning inventory 20 units at $46 Sale 12 units at $69 First purchase 33 units at $49 Sale 24 units at $71 30 units at $51 23 units at $72 PSecond purchase Sale The firm uses the perpetual inventory system, and there are 24 units of the item on hand at the end of the year. Required: Complete the templates for the following methods: (1)FIFO (2) LIFO (3) Weighted Average (round cost to the nearest penny - -ie $56.79) Transaction Units and Cost Beginning inventory 20 units at $46 Sale 12 units at $69 First purchase 33 units at $49 Sale 24 units at $71 30 units at $51 23 units at $72 PSecond purchase Sale The firm uses the perpetual inventory system, and there are 24 units of the item on hand at the end of the year. Required: Complete the templates for the following methods: (1)FIFO (2) LIFO (3) Weighted Average (round cost to the nearest penny - -ie $56.79)
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