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View Full Version : Calculating LIFO, FIFO, & Weighted Average


kregan1225
Oct 18, 2011, 10:31 AM
I cannot figure out how to calculate ending inventory for LIFO, FIFO, and Weighted Average.

Beginning Inventory is $45,650.

Jan 1500 @ 30
Feb 1550 @ 31.25
Apr 1625 @ 31.12
May 1456 @ 32
Jul 1875 @ 32.25
Aug 1259 @ 33
Oct 1357 @ 32.98
Dec 1267 @ 31.65

Total units 11,889
Total unit/cost 377,469.66