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Calculate the value of ending inventory under Periodic FIFO

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Reference no: EM133118343

Question - The following data are available for the month of April 2016:

April 1 inventory 120 units at $8.15 each

April 10 purchase 200 units at $8.20 each

April 20 purchase 410 units at $8.40 each

April 25 purchase 310 units at $8.50 each

630 units were sold during April.

a) How many units are on hand on 30 April?

b) Calculate the value of ending inventory under:

1) Periodic FIFO

2) Periodic LIFO

3) Average cost

Reference no: EM133118343

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