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Compute the ending inventory balance on October

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Reference no: EM132803996

Question - Inventory data for Williams Door Products Corporation for the month of October are as follows:

Merchandise inventory, October 1?50 units at $150 each

October 8 purchase???50 units at $155 each

October 15 purchase???55 units at $160 each

October 22 purchase???60 units at $170 each

October 29 purchase???55 units at $175 each

During the month of October, Williams sold 250 units.

Required - Compute the ending inventory balance on October 31 using:

a. FIFO

b. LIFO

c. Average-cost

Reference no: EM132803996

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