Laura's Homemade cannot decide which inventory method to use to determine its ending inventory. The accounting records for the current year contain the following information:

Compute the cost of inventory under the following cost flow assumptions.
1) LIFO
2) Average Cost

Question

Laura's Homemade cannot decide which inventory method to use to determine its ending inventory. The accounting records for the current year contain the following information:
  
Compute the cost of inventory under the following cost flow assumptions.
1) LIFO
2) Average Cost

Quizplus · Accepted Answer

The Answer of Laura's Homemade cannot decide which inventory method to use to determine its ending inventory. The accounting records for the current year contain the following information:
  
Compute the cost of inventory under the following cost flow assumptions.
1) LIFO
2) Average Cost

Laura's Homemade Cannot Decide Which Inventory Method to Use to Determine