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question problem 5 inventory costing periodic system a5 points shandy shutters has t 4277246

Question

Problem 5: Inventory Costing Periodic system a5 points Shandy shutters has the following inventory information. Nov. 1 Beginning inventory 15 units a S6.00 8 Purchase 60 units S6.45 17 Purchase 30 units S6.30 25 Purchase 45 units a S6.60 merchandise inventory on November 30 reveals that there are 50 units on A physical count of hand. Assume a periodic inventory system is used. A. Ending inventory under FIFO is (4 points): B. Ending inventory under LIFO is (4 points): C. Cost of goods sold under the average cost method is points):

 

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