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Determine the cost of the ending inventory

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Question - Rogers Products uses a periodic inventory system. The company's records show the beginning inventory of PH4 oil filters on January 1 and the purchases of this item during the current year to be as follows.

Jan. 1Beginning i..s@$3.00 $270.00 Feb. 2..s@$3.50 420.00 Apr. 2..s@$3.80 1,140.00 May 4..s@$4.00 1,600.00 Nov. 3..s@$5.00 950.00 Totals 1,100units $4,380.00

A physical count indicates 200 units in inventory at year-end.

Determine the cost of the ending inventory on the basis of each of the following methods of inventory valuation. (Remember to use periodic inventory costing procedures.)

A. Average cost:

B FIFO:

C.LIFO:

Reference no: EM132724957

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