3) Inventory data for Williams Door Products Corporation for the month of October are as follows: Merchandise inventory, October 1​50 units at $150 each October 8 purchase​​​50 units at $155 each...


3) Inventory data for Williams Door Products Corporation for the month of October are as follows:


Merchandise inventory, October 1​50 units at $150 each


October 8 purchase​​​50 units at $155 each


October 15 purchase​​​55 units at $160 each


October 22 purchase​​​60 units at $170 each


October 29 purchase​​​55 units at $175 each



During the month of October, Williams sold 250 units.



Required:


Compute the ending inventory balance on October 31 using:


a. FIFO


b. LIFO


c. Average-cost



Jun 10, 2022
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