In its first month of operations, Tatung Electronics made three purchases of merchandise in the following sequence: (1)

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In its first month of operations,
Tatung Electronics made three purchases of
merchandise in the following sequence: (1)
300 units at NT$180, (2) 400 units at NT$210,
and (3) 200 units at NT$240. Assuming there
are 420 units on hand, compute the cost of the
ending inventory under the (a) FIFO method
and (b) average-cost method. Tatung uses a
periodic inventory system. (Round average
unit cost to two decimal places.)
Compute ending inventory using FIFO and average-cost.

In Its First Month Of Operations Tatung Electronics Made Three Purchases Of Merchandise In The Following Sequence 1 1 (70.27 KiB) Viewed 45 times

BE6.3 (LO 2) In its first month of operations, Tatung Electronics made three purchases of merchandise in the following sequence: (1) 300 units at NT$180, (2) 400 units at NT$210, and (3) 200 units at NT$240. Assuming there are 420 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) average-cost method. Tatung uses a periodic inventory system. (Round average unit cost to two decimal places.) Compute ending inventory using FIFO and average-cost.