Which method would you suggest

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Reference no: EM131810454

Genesis Corporation began business in 2014. Its primary activity is the sale of appliances. It is uncertin as to which inventory method to use:

FIFO, LIFO, or weighted average Given the information below, which method would you suggest? State yuor reason for suggesting this method.

Purchases:

February 200 units: $300 = $60,000

June 300 units: $350 =$105,000

August 150 units: $360 =$54,000

December 180 units: $380 =$68,400

Genesis sold 600 units in 2014 and anticipates increased sales (in units and price) and increased unit costs.

Reference no: EM131810454

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