Ending inventory used FIFO-LIFO and average-cost methods

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Reference no: EM13753934

Units of an item available for sale during the year were as follows;

January 12 Inventory 60 units @ $145

February 15 Purchase 90 units @ $150

November 23 Purchase 75 units @ $154

Totals 225 units

There are 48 units of the item in the physical inventory on 12/31. the periodic inventory system is used. Determine the dollar value of the ending inventory used the FIFO, LIFO, and average-cost methods.

Reference no: EM13753934

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