Alpha Geek

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Category > Business & Finance Posted 09 May 2017 My Price 4.00

The following data is provided for XYZ Company

The following data is provided for XYZ Company:

Beginning Inventory 200 units @ 10 $ 2,000

Purchase 350 units @ 15 5,250

Purchase 450 units @ 20 9,000

Purchase 700 units @ 25 17,500

Ending units in inventory are 1,250. What is the cost of ending inventory under (1) FIFO and (2) LIFO?

(1) ____________ (2) _____________

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 09 May 2017 04:05 PM My Price 4.00

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file 1494347653-Answer.docx preview (83 words )
T-----------he -----------fol-----------low-----------ing----------- da-----------ta -----------is -----------pro-----------vid-----------ed -----------for----------- XY-----------Z C-----------omp-----------any-----------: -----------Beg-----------inn-----------ing----------- In-----------ven-----------tor-----------y 2-----------00 -----------uni-----------ts -----------@ 1-----------0 $----------- 2,-----------000----------- P-----------urc-----------has-----------e 3-----------50 -----------uni-----------ts -----------@ 1-----------5 5-----------,25-----------0 -----------Pur-----------cha-----------se -----------450----------- un-----------its----------- @ -----------20 -----------9,0-----------00 ----------- Pu-----------rch-----------ase----------- 70-----------0 u-----------nit-----------s @----------- 25----------- 17-----------,50-----------0 -----------End-----------ing----------- un-----------its----------- in----------- in-----------ven-----------tor-----------y a-----------re -----------1,2-----------50.----------- Wh-----------at -----------is -----------the----------- co-----------st -----------of -----------end-----------ing----------- in-----------ven-----------tor-----------y u-----------nde-----------r (-----------1) -----------FIF-----------O a-----------nd -----------(2)----------- LI-----------FO?----------- (-----------1) -----------___-----------___-----------___-----------___----------- (2-----------) _-----------___-----------___-----------___-----------___----------- A-----------nsw-----------er ----------- En-----------din-----------g u-----------nit-----------s i-----------n i-----------nve-----------nto-----------ry -----------are----------- 1,-----------250-----------. T-----------he -----------cos-----------t o-----------f e-----------ndi-----------ng -----------inv-----------ent-----------ory----------- un-----------der----------- (1-----------) F-----------IFO----------- Pu-----------rch-----------ase----------- 10-----------0 u-----------nit-----------s
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