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Compute the cost of ending inventory for ameer inc

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Reference no: EM132962001

The following are information about purchases and sales for main product of AMEER Inc. for year 2020:

((Beginning inventory)): 9,000 units / $4 each

((Purchases)):

February: 21,000 units / $6 each

June: 30,000 units / $8 each

((Sales)):

March: 20,000 units.

November: 30,000 units.

AMEER uses the "Weighted Average method".

Required:

Problem 1: If you know that AMEER uses the ((periodic inventory system)) and ((FIFO Method)), compute the cost of "ending inventory"

Reference no: EM132962001

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