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Find the inventory values using (a) the weighted-average method, (b) the FIFO method, and (c) the...

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Finance

Find the inventory values using (a) the weighted-average method,(b) the FIFO method, and (c) the LIFO method. Round to the nearestdollar. (15 pts)

Purchases                                                   

Beginning inventory: 100 units at $1.77

May:                            150units at $2.79

August:                        250units at $1.08

October:                      220units at $2.60

Remaining in inventory: 540 units

Answer & Explanation Solved by verified expert
4.3 Ratings (930 Votes)
working first let us know the units sold beginning inventory purchases remaining inventory 100 150 250220 540 180 units now aweighted average method    See Answer
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Transcribed Image Text

Find the inventory values using (a) the weighted-average method,(b) the FIFO method, and (c) the LIFO method. Round to the nearestdollar. (15 pts)Purchases                                                   Beginning inventory: 100 units at $1.77May:                            150units at $2.79August:                        250units at $1.08October:                      220units at $2.60Remaining in inventory: 540 units

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