Weighted average inventory valuation

Assignment Help Accounting Basics

Reference no: EM13258782

The inventory transactions are as follows:

Units Unit cost ExtendedValue

Beginninginventory 300 $20 $6,000

Purchases2-10-2002 400 $22 8,800

Purchases2-20-2002 200 $23 4,600

Available 900 $19,400

Sales 2-15-2002 500

EndingInventory 400

1) Using the information outlined above, what is the value of the ending inventory for a perpetual inventory system using the FIFO inventory valuation?

A. $8,000.00

B. $8,200.00

C. $8,600.00

D. $8,828.55

E. $9,000.00

2) Using the information outlined above, what is the valueof the ending inventory for a perpetual inventory system using theLIFO inventory valuation?

A. $8,000.00

B. $8,200.00

C. $8,600.00

D. $8,828.55

E. $9,000.00

3) Using the information outlined above, what is the valueof the ending inventory for a perpetual inventorysystem using the weighted average inventory valuation?

Reference no: EM13258782

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