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