.Operations And Supply Chain Management Assignment Help – Lifo

.Operations And Supply Chain Management Assignment Help – Lifo

Question – Dat
e
Activit
ies Units Acquired at Cost Units Sold at Retail

M
ar. 1
Begin
ning
invent
ory
50 units
@
$50/
unit

M
ar. 5
Purch
ase 200 units
@
$55/
unit

M
ar. 9 Sales 210 units
@
$85/
unit

M
ar. 18
Purch
ase 60 units
@
$60/
unit

M
ar. 25
Purch
ase 100 units
@
$62/
unit

M
ar. 29 Sales 80 units
@
$95/
unit

Totals 410 units 290 units

Compute the cost
assigned to ending
inventory
using (a) FIFO,(b) LIFO,
(c) weighted
average.(Due to
rounding, the sum of
Cost of Goods Sold
and Ending inventory
may not equal the
Cost of Good
available for sales.
Round yourper unit
costs to 3 decimal
places and inventory
balances to the

nea …Read Morerestdollar amount.
Omit the “$” sign in
your response.) …Read Less


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