Coucous Corp. uses the periodic inventory system. Information related to Coucous' inventory for September is given below: Instructions
a. Calculate the ending inventory using FIFO assuming 400 units remain on hand at September 30 (show calculations).
b. Calculate the ending inventory using average cost assuming 400 units remain on hand at September 30 (show calculations).

Question

Coucous Corp. uses the periodic inventory system. Information related to Coucous' inventory for September is given below:  Instructions 
a. Calculate the ending inventory using FIFO assuming 400 units remain on hand at September 30 (show calculations).
b. Calculate the ending inventory using average cost assuming 400 units remain on hand at September 30 (show calculations).

Quizplus · Accepted Answer

The Answer of Coucous Corp. uses the periodic inventory system. Information related to Coucous' inventory for September is given below:  Instructions 
a. Calculate the ending inventory using FIFO assuming 400 units remain on hand at September 30 (show calculations).
b. Calculate the ending inventory using average cost assuming 400 units remain on hand at September 30 (show calculations).