gnment CALCULATOR MESSAGE MY INSTRUCTOR \"FULLSCREEN pRINTER yERSON Exercise 6-5

Question

gnment CALCULATOR MESSAGE MY INSTRUCTOR "FULLSCREEN pRINTER yERSON Exercise 6-5 (Part Level Submission) Riverbed Corp uses a periodic inventory system. Its records show the following for the month of May, in which 75 units were sold. Units Unit Cost Total Cost Date Explanation May 1 Inventory 15 28 23 36 87 $224 207 360 $791 s8 Purchase Purchase Total 10 Your answer has been saved and sent for grading. See Gradebook for score details calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost 9.902 Attempts: 1 of 1 used ? (b) calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to o decimal places, e.g Study LIFO AVERAGE-COST

Explanation / Answer

a Weighted average cost per unit = 791/87= $9.092 b The ending inventory at May 31: FIFO 120 =12*10 LIFO 96 =12*8 Average cost 109 =12*9.092

Related Questions

Navigate

• Browse (All)
• Browse G
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.