13) The Geewhiz Company uses the perpetual inventory system. The Geewhiz Company has the following...
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13) The Geewhiz Company uses the perpetual inventory system. The Geewhiz Company has the following data available for the month of January: Date Jan. 1 Unit Cost $2.00 $2.20 Transaction Beginning inventory Purchase Sale Purchase Sale Purchase Sale Jan. 9 Jan. 10 Jan. 15 Jan. 18 Jan. 24 Jan. 30 Units 200 300 14:00 400 300 100 10 $2.30 $2.40 Determine the cost of the ending inventory using the following methods: a. FIFO b. LIFO c. Moving-average (Round per unit costs to four decimal places and all other dollar amounts to two decimal places.)
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