help anyone
Farman Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot camera.
Purchases |
||||||
Date |
Units |
Unit Cost |
Sales Units |
|||
May 1 |
308 |
$146 |
||||
May 4 |
176 |
|||||
May 8 |
352 |
$166 |
||||
May 12 |
220 |
|||||
May 15 |
264 |
$181 |
||||
May 20 |
132 |
|||||
May 25 |
176 |
Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round answers to 0 decimal places, e.g. $2,150.)
