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Compute the cost of the ending inventory under fifo method

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Question a: In its first month of operations, Kingbird Company made three purchases of merchandise in the following sequence: (1) 301 units at NT$176, (2) 405 units at NT$194, and (3) 216 units at NT$213. Kingbird uses a periodic inventory system. Assuming there are 450 units on hand, compute the cost of the ending inventory under the FIFO method. The cost of the ending inventory NT$ Assuming there are 450 units on hand, compute the cost of the ending inventory under the average-cost method. (Round average cost and final answer to 2 decimal places, e.g. 1.25.) The cost of the ending inventory NT$

Reference no: EM132646497

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