Question

The following information relates to the purchase of a part by WSU Company for the year 2015. Compute (show computations) the ending inventory cost using the following methods:

A. Periodic method – specific identification

B. Periodic method – FIFO

C. Periodic method – LIFO

D. Periodic method – Weighted average

E. Perpetual method – specific identification

F. Perpetual method – FIFO

G. Perpetual method – LIFO

H. Perpetual method – Moving average

 

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