Cost of ending inventory under lifo-fifo-weighted average

Reference no: EM131159393

Pete's Convenience Store has a beginning inventory of 12 cans of soup at a cost of $.85 each. During the year, the store purchased 4 at $.95, 6 at $1.05, 7 at $1.35, and 8 at $1.50. By the end of the year, 18 cans were sold. Calculate (A) the number of cans of soup ending inventory and (B) the cost of ending inventory under LIFO, FIFO, and weighted average.

Reference no: EM131159393

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Cost of ending inventory under lifo-fifo-weighted average : Pete's Convenience Store has a beginning inventory of 12 cans of soup at a cost of $.85 each. During the year, the store purchased 4 at $.95, 6 at $1.05, 7 at $1.35, and 8 at $1.50. By the end of the year, 18 cans were sold. Calculate (A) the number ..

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