A beginning inventory and purchases of computer parts follow:
$\begin{array}{llcc}
\text { Beginning inventory } &6 @ \$ 12 \
\text { First purchase} &15 @ 11\
\text { Second purchase } &10 @ 14\

\end{array}$
Required: Determine the cost of an ending inventory of 6 computer parts remaining in the periodic inventory under each of the assumptions listed.
a)________ FIFO
b)________ LIFO
c)________ Weighted-average

Question

A beginning inventory and purchases of computer parts follow:
 $\begin{array}{llcc}
  \text { Beginning inventory  } &6 @ \$ 12   \
 \text {  First purchase} &15 @ 11\
 \text { Second purchase } &10 @ 14\

\end{array}$
 Required: Determine the cost of an ending inventory of 6 computer parts remaining in the periodic inventory under each of the assumptions listed.
a)________ FIFO
b)________ LIFO
c)________ Weighted-average

Quizplus · Accepted Answer

The Answer of A beginning inventory and purchases of computer parts follow:
 $\begin{array}{llcc}
  \text { Beginning inventory  } &6 @ \$ 12   \
 \text {  First purchase} &15 @ 11\
 \text { Second purchase } &10 @ 14\

\end{array}$
 Required: Determine the cost of an ending inventory of 6 computer parts remaining in the periodic inventory under each of the assumptions listed.
a)________ FIFO
b)________ LIFO
c)________ Weighted-average

A Beginning Inventory and Purchases of Computer Parts Follow Required: Determine the Cost of an Ending Inventory of 6