Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the units of manganese plus available for sale dur

The units of Manganese Plus available for sale during the year were as follows: 22...

50.1K

Verified Solution

Question

Accounting

image

The units of Manganese Plus available for sale during the year were as follows: 22 units $31 $682 Mar. 1 Inventory 30 units Purchase @ $33 June 16 990 Purchase $36 Nov. 28 45 units 1,620 97 units $3,292 There are 14 units of the product in the physical inventory at November 30. The periodic inventory system is used. Round answers to the nearest whole dollar. a. Determine the inventory cost by the FIFO method. b. Determine the inventory cost by the LIFO method. c. Determine the inventory cost by the average cost methods

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