Solution-Compute the ending inventory under fifo lifo and

Compute the ending inventory under fifo lifo and weighted

Reference no: EM131011397

Egypt Co. uses a periodic inventory system. 88 units were sold. The following are the Beginning Inventory and Purchases made during the year.

	Units	Unit Cost	Total Cost
Beginning Inventory	10	$5	$50
May	30	$8	$240
June	25	$10	$250
July	35	$13	$455
	Totals	$100	$995

Compute the ending inventory under FIFO, LIFO and Weighted Average methods.

Reference no: EM131011397

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Compute the ending inventory under fifo lifo and weighted

Reference no: EM131011397

Reference no: EM131011397

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