Homework Answers
| a) | Cost of Ending Inventory(FIFO) = $892 | |||
| Date | Units | Rate | Amount | |
| Aug.7 | 4 | 48 | 192 | |
| Dec.11 | 14 | 50 | 700 | |
| 18 | 892 | |||
| b) | Cost of Ending Inventory(LIFO) = $846 | |||
| Date | Units | Rate | Amount | |
| Jan.1 | 9 | 46 | 414 | |
| Aug.7 | 9 | 48 | 432 | |
| 18 | 846 | |||
| c) | Cost of Ending Inventory(Weighted Average) = $869 | |||
| Date | Units | Rate | Amount | |
| Dec.11 | 18 | 48.26 | 869 | |
| 18 | 869 | |||
| Weighted average cost = 1834/38 | ||||
| 48.26 | ||||
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