Current Attempt in Progress
Gray Company uses the periodic inventory system to account for inventories. Information related to Gray Company's inventory at
October is given below:
Calculate value of the ending inventory using the FIFO cost assumption if units remain on hand at October Round per unit
cost calculations to decimal places, eg and final answer to decimal places, eg
Ending inventory $
eTextbook and Media
Calculate value of the ending inventory using the weightedaverage cost method if units remain on hand at October
Round per unit cost calculations to decimal places, eg and final answer to decimal places, eg
Ending inventory $
eTextbook and Media
Calculate value of the ending inventory using the LIFO cost assumption if units remain on hand at October Round per unit
cost calculations to decimal places, eg and final answer to decimal places, eg
Ending inventory
eTextbook and Media