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pielcanela
Dec 21, 2005, 12:32 PM
Sunshades Awnings had the following purchases and sales during the fourth quarter of 2005. Beginning inventory as of 9/30/05 was $0 on hand.

Purchase DatePurchase Qty Unit/Cost Sale DateSale Qty Price/Unit
10/10/05 100 $2.00 10/2/05 450 $6.00
11/1/05 250 $2.25 11/2/05 200 $6.00
11/15/05 350 $2.35 12/31/05 250 $6.00
12/1/05 100 $2.35
12/30/05 100 $2.25

Required: Calculate the ending inventory value using: LIFO, FIFO and Average Cost

CaptainForest
Dec 21, 2005, 04:17 PM
Could you perhaps format the above a bit better?

Or type it into an MS Word document and attach?