The units of inventory available for sale during the month of June were as follows:
There are 59 units of in inventory at June 30.
Required: Determine the ending inventory using:
1. FIFO.
2. LIFO.
3. Average-cost method.

Question

The units of inventory available for sale during the month of June were as follows:
  There are 59 units of in inventory at June 30.
Required: Determine the ending inventory using:
1. FIFO.
2. LIFO.
3. Average-cost method.

Quizplus · Accepted Answer

The Answer of The units of inventory available for sale during the month of June were as follows:
  There are 59 units of in inventory at June 30.
Required: Determine the ending inventory using:
1. FIFO.
2. LIFO.
3. Average-cost method.

The Units of Inventory Available for Sale During the Month