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Business, 19.03.2020 19:16 Jackierose2004

BE6-3

Compute ending inventory using FIFO and LIFO.

In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8. Assuming there are 360 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Bethke uses a periodic inventory system.

BE6-4

Compute the ending inventory using average-cost.

Data for Bethke Company are presented in BE6-3. Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand.

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BE6-3

Compute ending inventory using FIFO and LIFO.

In its first month of op...
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