What is the ending inventory using average cost

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Reference no: EM133975357

Problem

Given the following data, calculate the cost of ending inventory using the methods introduced for the week: (Round any intermediary and final answers to two decimal places.)

Date	Item	Unit
1/1	Beginning inventory	30 units at $10 per unit
3/5	Purchase of inventory	40 units at $20 per unit
5/30	Purchase of inventory	15 units at $22 per unit
12/31	Ending inventory	40 units

Required

I. What is the ending inventory using average cost?
II. What is the ending inventory using LIFO? Get the instant assignment help.
III. What is the ending inventory using FIFO?

Reference no: EM133975357

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