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Inventory: January 1 Purchases: June 18 November 8 Units 10,ooo 9,000 6,000 Unit Cost $7.25 9.20 A physical inventory on December 31 shows 3,000...

This question was created from ACCT 115 Summer 2018 Online Exam #2(1).pdf https://www.coursehero.com/file/32338396/ACCT-115-Summer-2018-Online-Exam-21pdf/

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Umts Unit Cost IIIventorjv, January 1 10,000 $125
Purchases: June 13 9,000 3-00
November 3 5,000 9-20 A physical inventor},r on December 31 shows 3,000 units on hand- Addison uses the
periodic inventory method- 15] Under the FIFO method, the December 31 ending inventory is valued at
a) $21,250-
b) $24,450-
c) $25,300-
d) $22,600- 2} Under the LIFO method, the December 3 l ending inventory is valued at
a) $21,250-
b) $24,450-
c) $25,300-
d) $22,600-

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The cost of ending inventory under FIFO... View the full answer

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Fifo answer is d... View the full answer

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