Solution-Determine the ending inventory cost by the fifo

Determine the ending inventory cost by the fifo method

Reference no: EM13512591

The inventory information of a product is given below:

Jan. 1	Inventory	12 units	$15
Feb. 16	Purchase	8 units	16
Mar. 4	Purchase	15 units	18
Oct. 15	Purchase	10 units	20

After taking a physical count, we find that we have 14 units on hand. Determine the ending inventory cost by the (a) FIFO method, (b) LIFO method and (c) weighted average.

Reference no: EM13512591

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Determine the ending inventory cost by the fifo method

Reference no: EM13512591

Reference no: EM13512591

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