The below lots of a particular commodity were available for sale during the year. The...
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The below lots of a particular commodity were available for sale during the year. The periodic inventory system is used. Beginning Inventory units $ First purchase units $ Second purchase units $ Third purchase units $ Using the Excel file provided, calculate the ending inventory value using the FIFO, LIFO, and Weighted Average methods. There is a separate worksheet for each method within the Excel file. Please complete your calculations as if there are units in the ending inventory for each method.
The below lots of a particular commodity were available for sale during the year. The periodic inventory system is used.
Beginning Inventory units $
First purchase units $
Second purchase units $
Third purchase units $
Using the Excel file provided, calculate the ending inventory value using the FIFO, LIFO, and Weighted Average methods. There is a separate worksheet for each method within the Excel file. Please complete your calculations as if there are units in the ending inventory for each method.
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