Respuesta :
Answer:
Fifo Inventory $665
Moving Average= $ 606
Lifo Inventory $ 592
Explanation:
Purchases
Date Units Unit Cost Sales Units Fifo Inventory
July 1 13 $115
July 6 9
4 $115 $460
July 11 6 $122
July 14 6
4 $122 $488
July 21 7 $132
July 27 6
5 $ 133 $665
Moving Average Method
= Total Cost of Purchases/ No of items= 13*115 + 6*122+ 7*132/13+6+7
= 1495+ 732+ 924/26= 3151/26= 121. 192
No of units in the Ending Inventory= 5 * 121.192= $ 605.96
Purchases
Date Units Unit Cost Sales Units Lifo Inventory
July 1 13 $115
July 6 9
4 $115 $460
July 11 6 $122
July 14 6
4 $115 $460
July 21 7 $132
July 27 6
1 132 $132
4 $ 115 $460
5 $ 592