Problem: Howe Corp. had 1,500 units on hand of part 54169 on May 1, 2020, with a cost of $30 per unit. Howe uses a periodic inventory system. Purchases of part 54169 during May were as follows:
|
|
Units
|
Unit Cost
|
|
May-09
|
2,000
|
$31
|
|
May-17
|
3,500
|
32
|
|
May-26
|
1,000
|
33
|
A physical count on May 31, 2020, shows 2,000 units of part 54169 on hand.
Required: Using the FIFO method, what is the inventory cost of part 54169 at May 31, 2020? Using the weighted average cost formula, what is the inventory cost?
Simply approach our Inventory Cost Assignment Help service via phone call, message or mail. We assure you that you will be pleased with our online service organizations and come again and again.
Tags: Inventory Cost Assignment Help, Inventory Cost Homework Help, Inventory Cost Coursework, Inventory Cost Solved Assignments, Weighted Average Cost Assignment Help, Weighted Average Cost Homework Help