Solve the problem.
-The Chicago Men's Shop made the following purchases of dress shirts: 50 shirts at $78.32 in January, 60 shirts at $41.21 in March, 75 shirts at $82.74 in June, and 35 shirts at $61.60 in August. A September inventory found 150 shirts remaining. Find the inventory value using a)weighted average method, b)FIFO Method, and c)LIFO Method. Round final answers to the nearest cent.
A)(a)$9,895.13
(b)$6,181.50
(c)$12,411.00
B)(a)$14,750.10
(b)$11,748.00
(c)$9,240.00
C)(a)$10,057.50
(b)$10,009.90
(c)$9,698.20
D)(a)$10,057.50
(b)$9,698.20
(c)$10,009.90

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-The Chicago Men's Shop made the following purchases of dress shirts: 50 shirts at $78.32 in January, 60 shirts at $41.21 in March, 75 shirts at $82.74 in June, and 35 shirts at $61.60 in August. A September inventory found 150 shirts remaining. Find the inventory value using a)weighted average method, b)FIFO Method, and c)LIFO Method. Round final answers to the nearest cent.
A)(a)$9,895.13
(b)$6,181.50
(c)$12,411.00
B)(a)$14,750.10
(b)$11,748.00
(c)$9,240.00
C)(a)$10,057.50
(b)$10,009.90
(c)$9,698.20
D)(a)$10,057.50
(b)$9,698.20
(c)$10,009.90

Solve the Problem