(Solved by Humans)-Need some assistance if figuring out the calculations to the
Question
Need some assistance if figuring out the calculations to the question below
Calculate the ending inventory under each of the following methods given the information below about purchases and sales during the year. Assume a periodic inventory system.
April 1 Beginning inventory 20 units @ $30
?????????11 Purchases 70 units @ $32
?????????21 Purchases 50 units @ $35
Sales for April: 115 units
a. ________ FIFO
b. ________ LIFO
c. ________ Weighted-average
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