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Compute the ending inventory at June

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Question - Transactions from the month of June

[Purchases]: June 1 (balance)- 500 @ $12, June 6- 1,800 @ $11, June 14- 500 @ $10, June 20- 500 @ $13

[Sales]: June 9- 1,000 @ $15, June 17- 400 @ $16, June 21, 1,400 @ $18

Required -

a) Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method.

b) Compute the ending inventory at June 30 under the periodic FIFO inventory pricing method.

c) Calculate ending inventory at June 30 under the periodic weighted-average method.

Reference no: EM132731276

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