Author Question: Solve the problem using the information given in the table and the last- in, first-out inventory ... (Read 22 times)

AEWBW · **on:** Feb 26, 2020

Solve the problem using the information given in the table and the last- in, first-out inventory method. Round dollar amounts to the nearest cent.

Determine the unit costs for units in the ending inventory.

57 units are in the ending inventory from the units that were purchased first.
Beginning inventory: 90 units at $33.82
March 8: 70 units at $28.11
June 10: 65 units at $37.51
August 12: 40 units at $21.08

◦ First purchases: 57 units @ $21.08 per unit
◦ First purchases: 57 units @ $33.82 per unit
◦ First purchases: 57 units @ $28.11 per unit
◦ First purchases: 40 units @ $33.82 per unit

milbourne11 · **Reply #1 on:** Feb 26, 2020

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