actice Gradebook ORION Downloadable eTextbook nment BACK NEX FULL SCREEN PRINTER

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actice Gradebook ORION Downloadable eTextbook nment BACK NEX FULL SCREEN PRINTER VERSION BACK Brief Exercise 6-3 In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence (1) 190 units at $7, (2) 420 units at $8, and (3) 150 units at $9. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and uro method. Weatherall uses a periodic inventory system FIFO LIFO Cost of the ending inventory INK TO TEX Question Attempts: 0 of 3 used SAVE FORAER SUBMIT ANSWER A: y Policy 1 2000-2018 3ohn Wiley&Sons.Inc.; All Rights Reserved. A Division of 3ohn Wiley& Sons. Inc Version 4.2 A: S O Type here to search FI F3 F4 FS F6

Explanation / Answer

Cost of ending inventory :

FIFO LIFO Cost of ending inventory (150*9+210*8) = 3030 (190*7+170*8) = 2690

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