Question

ughn Manufacturing began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Bold Purchases Date Units Unit Cost Sales Units uly 1 uly 6 uly 11 July 14 uly 21 July 27 14 $120 10 $128 6 $138 6 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 July 6 uly 11 uly 14 uly 21 July 27 Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system s LINK TO TEXT Which costing method produces the highest ending inventory valuation? method produces the highest ending inventory valuation. FIFO uld like to Show Work for this auestion: Open Show Work



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *