Question

Assume Hadley Co has the following purchases of inventory during the first month of operations Number...

Assume Hadley Co has the following purchases of inventory during the first month of operations

Number of Units

Cost per unit

First Purchase

358

2.4

Second Purchase

161

3

Assuming Hadley sells 258 units at $11 each, what is the value of her ending inventory  if she uses weighted average?

Assume Noah Co. has the following purchases of inventory during their first month of operations

Number of Units

Cost per unit

First Purchase

19

3.4

Second Purchase

41

4.9

Assuming Noah Co. sells 39 units at $14 each, what is the ending dollar balance in the inventory account if they use FIFO?

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