Trini Company had the folowing transactions for the month.NumberCostof Unitsper UnitTotatBeginning inventory1,080$22S23,760Purchased May 311,0402323,920Purchased Jul. 151,3402634, 840Purchased Nov. 11,2402733,480Totals (goods available)4,700116,000Ending inventory910Cakulate the ending inventory dollar value for each of the following cost allocation methods, using periodic inventory updating. Round your intermediate calculations to 2 decimalplaces and final answers to the nearest dollar amount.Ending InventoryA. First-in, First-out (FIFO)B. Last-in, First-cut (LIro)C. Weighted Average (AVG)

First in First out (FIFO) is one of the inventory valuation methods in which the earliest inventory…

Answered: Trini Company had the folowing…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 2PA: Trini Company had the following transactions for the month. Calculate the ending inventory dollar...

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