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perpetual inventory system_calculate ending inventory

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Question;Using the following information to calculate ending inventory on (a) a LIFO basis (b) FIFO basis and (c) average-cost basis. Assume a perpetual inventory system.Round answers to the nearest dollar.Dec. 1 Beginning inventory 70 units @ $28Dec. 9 Purchases 30 units @ $32Dec. 17 Sales 25 unitsDec. 22 Purchases 15 units @ $36Dec. 27 Sales 40 units

 

Paper#38264 | Written in 18-Jul-2015

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