2 3OThe units of Product B vailable for sale during the year wers lleweApril 162 unitsJune 16Purchase46 unitsVESSep, 28Purchase40 unitsSESThere are 75 units of the product in the physical inventory on September 30. The periodlie inventry wym Tby (a) FIFO, (b) LIFO, and (c) average cost methods.

Under FIFO method the oldest products in inventory have been sold first. Under LIFO method the…

380 The units of Product Bvailable for sale during the ye wesllewe April 1 Inventory 62 umits IES June 16 Purchase 46 units PES Purchase 40 units SES Sep. 28 There are 75 units of the product in the physical inventory on September 30. The periodie by (a) FIFO, (b) LIFO, and (c) average cost methods.

380 The units of Product Bvailable for sale during the ye wesllewe April 1 Inventory 62 umits IES June 16 Purchase 46 units PES Purchase 40 units SES Sep. 28 There are 75 units of the product in the physical inventory on September 30. The periodie by (a) FIFO, (b) LIFO, and (c) average cost methods.

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 6.5BE: Periodic inventory using FIFO, UFO, and weighted average cost methods The units of an item available...

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