Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 45

Rogers Products uses a periodic inventory system.he company's records show the beginning inventory of PH4 oil filters on January 1 and the purchases of this item during the current year to be as follows:

A physical count indicates 200 units in inventory at year-end.etermine the cost of the ending inventory on the basis of each of the following methods of inventory valuation.Remember to use periodic inventory costing procedures.)
a.verage cost.
b.IFO.
c.IFO.
d.hich of the above methods (if any) results in the same ending inventory valuation under both periodic and perpetual costing procedures Explain.