Compute the ending inventory

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Reference no: EM13146470

Klugman Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $600 each. On January 10, Klugman purchased 6 units at $660 each.The company sold 2 units on January 8 and 4 units on January 15.

Instructions

Compute the ending inventory under (1) FIFO, (2) LIFO, and (3) average-cost.

Reference no: EM13146470

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