periodic inventory using fifo, lifo, and weighted average cost methods
the units of an item av...
Mathematics, 27.07.2019 05:20 police76
periodic inventory using fifo, lifo, and weighted average cost methods
the units of an item available for sale during the year were as follows:
jan. 1 inventory 7 units at $33 $231
july 7 purchase 14 units at $36 504
nov. 23 purchase 19 units at $38 722
40 units $1,457
there are 16 units of the item in the physical inventory at december 31. the periodic inventory system is used. determine the inventory cost using (a) the first-in, first-out (fifo) method; (b) the last-in, first-out (lifo) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar).
Answers: 3
Mathematics, 21.06.2019 22:30, 713073
Which statements about the system are true? check all that apply. y =1/3 x – 4 3y – x = –7 the system has one solution. the system consists of parallel lines. both lines have the same slope. both lines have the same y–intercept. the equations represent the same line. the lines intersect.
Answers: 2
History, 15.10.2020 17:01
English, 15.10.2020 17:01
Physics, 15.10.2020 17:01
Chemistry, 15.10.2020 17:01