The Geewhiz Company uses the perpetual inventory system.The Geewhiz Company has the following data available for the month of January:
Determine the cost of the ending inventory using the following methods:
a.FIFO
b.LIFO
c.Moving-average (Round per unit costs to four decimal places and all other dollar amounts to two decimal places.)

Question

The Geewhiz Company uses the perpetual inventory system.The Geewhiz Company has the following data available for the month of January:
  Determine the cost of the ending inventory using the following methods:
a.FIFO
b.LIFO
c.Moving-average (Round per unit costs to four decimal places and all other dollar amounts to two decimal places.)

Quizplus · Accepted Answer

The Answer of The Geewhiz Company uses the perpetual inventory system.The Geewhiz Company has the following data available for the month of January:
  Determine the cost of the ending inventory using the following methods:
a.FIFO
b.LIFO
c.Moving-average (Round per unit costs to four decimal places and all other dollar amounts to two decimal places.)

The Geewhiz Company Uses the Perpetual Inventory System