Presented Below Is Information Related To Blowfish Radios For The Vaughn Company For The Month Of July Date July 1 6 7 1 (53.65 KiB) Viewed 19 times
Presented below is information related to Blowfish radios for the Vaughn Company for the month of July. Date July 1 6 7 10 12 15 18 22 25 30 Transaction Units In Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Totals 150 1,200 600 450 750 3,150 Unit Cost $4.20 4.30 4.60 4.70 4.68 Total $ 630 5,160 2,760 2,115 3,510 $14,175 Units Sold 450 450 300 600 300 2,100 Selling Price $6.90 7.20 7.30 7.30 7.40 Total $3.105 3,240 2,190 4,380 2,220 $15,135
Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to O decimal places, e.g. 6,578.) (1) FIFO. (2) LIFO. (3) Weighted-average. Ending Inventory at July 31 $ (1) FIFO $ (2) LIFO $ (3) Weighted-Average
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