The following information was provided to Mel Blank, owner of Morse Market. Can you help Mel calculate the cost of ending inventory under LIFO, FIFO, and weighted average? During the year, a total of 1,200 were sold.
$$\begin{array} { | l | l | }
\hline \text { January } 1 \text { inventory } & 500 \text { at } \$ 2 \
\hline \text { April } 10 & 300 \text { at } \$ 3 \
\hline \text { June 20 } & 500 \text { at } \$ 4 \
\hline \text { August 1 } & 200 \text { at } \$ 5 \
\hline \text { November 15 } & 100 \text { at } \$ 11 \
\hline
\end{array}$$

Question

The following information was provided to Mel Blank, owner of Morse Market. Can you help Mel calculate the cost of ending inventory under LIFO, FIFO, and weighted average? During the year, a total of 1,200 were sold.
 $$\begin{array} { | l | l | } 
\hline \text { January } 1 \text { inventory } & 500 \text { at } \$ 2 \
\hline \text { April } 10 & 300 \text { at } \$ 3 \
\hline \text { June 20 } & 500 \text { at } \$ 4 \
\hline \text { August 1 } & 200 \text { at } \$ 5 \
\hline \text { November 15 } & 100 \text { at } \$ 11 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The following information was provided to Mel Blank, owner of Morse Market. Can you help Mel calculate the cost of ending inventory under LIFO, FIFO, and weighted average? During the year, a total of 1,200 were sold.
 $$\begin{array} { | l | l | } 
\hline \text { January } 1 \text { inventory } & 500 \text { at } \$ 2 \
\hline \text { April } 10 & 300 \text { at } \$ 3 \
\hline \text { June 20 } & 500 \text { at } \$ 4 \
\hline \text { August 1 } & 200 \text { at } \$ 5 \
\hline \text { November 15 } & 100 \text { at } \$ 11 \
\hline
\end{array}$$

The Following Information Was Provided to Mel Blank, Owner of Morse