Inventory Costing Methods—Periodic Method The following information is for the Vista Company; the company sells just one product: Units Unit Cost Beginning Inventory: Jan. 1 200 $10 Purchases: Feb. 11...

Inventory Costing Methods—Periodic Method

The following information is for the Vista Company; the company sells just one product:

		Units	Unit Cost
Beginning Inventory:	Jan. 1	200	$10
Purchases:	Feb. 11	500	14
	May 18	400	17
	Oct. 23	100	18
Sales:	March 1	400
	July 1	380

Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method.

Do not round until your final answers. Round your final answers to the nearest dollar.

A.	First-in, First-out:
	Ending Inventory	Answer
	Cost of goods sold	Answer
B.	Last-in, first-out:
	Ending Inventory	Answer
	Cost of goods sold	Answer
C.	Weighted Average
	Ending Inventory	Answer
	Cost of goods sold	Answer

Jun 10, 2022

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Inventory Costing Methods—Periodic Method The following information is for the Vista Company; the company sells just one product: Units Unit Cost Beginning Inventory: Jan. 1 200 $10 Purchases: Feb. 11...

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