Over a year period, a hardware store made the following purchases of hammers: 24 hammers at $6.97, 30 hammers at $6.63, 36 hammers
at $5.35, and 26 hammers at $8.31. Inventory at the end of the year shows 51 hammers
remain. Find the inventory value by (a) the
weighted average method, (b) the FIFO method, and (c) the LIFO method. Round to the nearest cent.
++
A(a) $340.68
B$349.81
C$346.29
C(a) $305.49
B$355.47
C$340.68
B(a) $347.57
B$346.29
C$423.81
OD. (a) $340.68
B$346.29
C$349.81
at $5.35, and 26 hammers at $8.31. Inventory at the end of the year shows 51 hammers
remain. Find the inventory value by (a) the
weighted average method, (b) the FIFO method, and (c) the LIFO method. Round to the nearest cent.
++
A(a) $340.68
B$349.81
C$346.29
C(a) $305.49
B$355.47
C$340.68
B(a) $347.57
B$346.29
C$423.81
B$346.29
C$349.81