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  3. he following data concerns inventory and purchases

he following data concerns inventory and purchases at Muse Company. ...

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Accounting

he following data concerns inventory and purchases at Muse Company.
Inventory, January 194 units at $107
Purchases:
January 664 units at $106
January 1549 units at $106
January 2239 units at $100
Inventory, January 3193 units
Determine the cost of the ending inventory on January 31 under the average cost method.
Determine the cost of the ending inventory on January 31 under the first in, first out (FIFO) method.
Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method.
Analyze:
Which inventory valuation method resulted in the highest dollar amount for ending inventory?

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