please include steps to the problem. thanks. Indigo Corp. had...

80.2K

Verified Solution

Question

Accounting

please include steps to the problem. thanks.
image
Indigo Corp. had 2.200 units of part Tonhand April 1, 2017, costing 5 8 each. During April Indigo made the following purchases of part 1 Unit Cost Units April 4 3.300 $ 8.25 10 4,700 8.40 19 1.100 - 9 29 2.500 9.90 A physical count at April 30, 2017 showed 3,700 units of Part Ton hand. Using the FIFO method, what is the cost of part inventory at April 30, 2017? Using the LIFO method, what is the inventory cost? Using the average cost method, what is the inventory cost? (Round average cost per unit to 2 decimal places, es 15.25 and final answers to decimal places, es 1.620) FIFO LIFO Average Cost Inventory Cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students