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chookr
Jun 23, 2008, 06:28 PM
Dec 7 10 units @<hidden> $6.00 = $60.00
Dec 7 Sales 8@<hidden> $25.00
Dec 14 20 Units @<hidden> $12.00 = $240.00
Dec.14 Sales 7 @<hidden> 25.00
Dec. 21 15 Unites @<hidden> $14.00 _ $210.00

I need to know how to determine the costs assigned to the 12/31 ending inventory when costs are assigned based on FIFO, LIFO, weighted average, specific identification.