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Lester Company sells many products. Hackenberry is one of its popular items. Below is...

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Accounting

Lester Company sells many products. Hackenberry is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry for the month of March. Lester Company uses the periodic inventory system

Purchases

Sales

Units

Unit Cost

Units

Selling

Price/Unit

3/1

Beginning inventory

100

$40

3/3

Purchase

60

$50

3/4

Sales

70

$80

3/10

Purchase

200

$55

3/16

Sales

80

$90

3/19

Sales

60

$90

3/25

Sales

40

$90

3/30

Purchase

40

$60

image
Lester Company sells mamy products. Hackenberry is one of its popular items. Below is an andivis of the imentory purchases and sales of Hackenberry for the month of March. Lester Compary uses the periodic inventory system. Eain 2 Chapters 58 Question 3 of 9 115 $ Using the weighted average method, calculate the amount assipned to the inventory on hand on March 31. Ending inventory $ Using the LIFO assumption, cakulate the amount assigned to the imventory on hand on March 31

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