| Fifo and Lifo!
date units purchased total cost of purchased
Jan 1 125 units 1,000
Jan 8 150 units 1,150
Jan 18 225 units 825
Jan 30 200 units 750
Using lifo inventory method , the value of the ending inventory on jan 31 is:
a.1,073
b.1,511
c.1,575
d.2,242
using the avg cost method, allocated to the ending inventory on jan 31st is:
a. 2,250
b.1,703
c.1,596
d.1,389
using the fifo inventory method the amount allocated to cost ofgoods sold for jan 31st is:
a.1,117
b.1,511
c.1,672
d.2,608
I have calculated the 3.75 for each unit in the ending inventory but every calculation i get doesnt match any of the answers!! im stuck! help me please!!
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