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    kregan1225 Posts: 1, Reputation: 1
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    Oct 18, 2011, 10:31 AM
    Calculating LIFO, FIFO, & Weighted Average
    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

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