What would is the ending inventory for october

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Reference no: EM132719386

Adnan Naeem Imports, Ltd has the following information about the inventory of electronic components for October 2016.

Inventory, B..s@Rs. 32

October 5..s@Rs. 32

October 1..s@Rs. 31

October 2..s@Rs. 33

At the end of October, 220 components remained in inventory.

Problem 1: If uses the FIFO method of allocating inventory, what would is the cost of goods sold for October?

Problem 2: If company uses the FIFO method of allocating inventory costs, what would is the ending inventory?

Problem 3: If company uses the average cost method of allocating inventory costs, what would is the ending inventory for October?

Reference no: EM132719386

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