During April, Leary Company sold 1000 units of Product Q. Its beginning inventory and purchases during the month were as follows:
Assume the periodic inventory system is used

Compute the cost of the ending inventory under each of three methods: (a) average-cost, (b) LIFO, and (c) FIFO. (Show your work.)

Question

During April, Leary Company sold 1000 units of Product Q. Its beginning inventory and purchases during the month were as follows:
Assume the periodic inventory system is used
  
Compute the cost of the ending inventory under each of three methods: (a) average-cost, (b) LIFO, and (c) FIFO. (Show your work.)

Quizplus · Accepted Answer

The Answer of During April, Leary Company sold 1000 units of Product Q. Its beginning inventory and purchases during the month were as follows:
Assume the periodic inventory system is used
  
Compute the cost of the ending inventory under each of three methods: (a) average-cost, (b) LIFO, and (c) FIFO. (Show your work.)

During April, Leary Company Sold 1000 Units of Product Q