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Calculate the ending inventory dollar value for the period

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Reference no: EM132529778

Question - Akira Company had following transaction for the month.

 

Number of Units

Cost per unit

Beginning inventory

150

$10

Purchased Mar. 31

160

12

Purchased Oct. 15

130

15

Ending inventory

50

?

Required - Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventing updating. Provide your calculations.

a. First- in, first out (FIFO)

b. Last-in, first-out (LIFO)

C. weighted average (AVG)

Reference no: EM132529778

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