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Inventory Costing Methods-Perpetual Method Using the data below, assume that Portet...

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Accounting

Inventory Costing Methods-Perpetual Method
Using the data below, assume that Portet Corporation
uses the perpetual inventory system. Calculate the
value of ending inventory and cost of goods sold at
year-end using the perpetual method and (a) first-in,
first-out, (b) last-in, first-out, and (c) weighted-average
cost method. Round the cost per unit to 3 decimal
places and round your final answers to the nearest
dollar.
b. Last-In, First-Out
c. Weighted Average
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