Solution-Determine the ending inventory under a perpetual

Determine the ending inventory under a perpetual inventory

Reference no: EM13502195

Farman Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot camera.

	Purchases
Date	Units	Unit Cost	Sales Units
May 1	308	$146
May 4			176
May 8	352	$166
May 12			220
May 15	264	$181
May 20			132
May 25			176

Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round answers to 0 decimal places, e.g. $2,150.)

Reference no: EM13502195

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Determine the ending inventory under a perpetual inventory : Farman Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot camera.

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Determine the ending inventory under a perpetual inventory

Reference no: EM13502195

Reference no: EM13502195

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