A Beginning Inventory and Purchases of Computer Parts Follow Required: Determine the Cost of an Ending Inventory of 6

question 28

Essay

A beginning inventory and purchases of computer parts follow:
$\begin{array}{llcc} \text { Beginning inventory } &6 @ \$ 12 \\ \text { First purchase} &15 @ 11\\ \text { Second purchase } &10 @ 14\\\end{array}$
Required: Determine the cost of an ending inventory of 6 computer parts remaining in the periodic inventory under each of the assumptions listed.
a)________ FIFO
b)________ LIFO
c)________ Weighted-average

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Definitions:

Service Industries

Sectors of the economy that provide services rather than physical goods, such as healthcare, banking, and education.

Growth Rate

The rate at which a company's earnings, revenues, or other key metrics increase over a specified period.

Yield Rate

The return on investment over a particular period, expressed as a percentage, often annualized.

Strip Bond

A kind of bond in which the main amount and the periodic interest payments are detached and marketed separately as zero-coupon bonds.