in its first month of operations, Weatherall Company made three purcha


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in its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 140 units at $7, (2) 460 units at $8, and (3) 130 units at $9. Assuming there are 380 units on hand, compute the cost of the ending i

Sale price $15.00 Regular price $30.00

in its first month of operations, Weatherall Company made three purchases
of merchandise in the following sequence: (1) 140 units at $7, (2) 460 units at $8, and (3) 130 units at $9.

Assuming there are 380 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Weatherall uses a periodic inventory system.

FIFO LIFO

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