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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 3
Round to the nearest dollar amount.
Find the value of the inventory listed in Exercise 19 using (a) the FIFO method and _____ (b) the LIFO method. _____
Round to the nearest dollar amount.
Craighead Products made the following purchases of fuel tanks during the year: 25 at $270 each, 40 at $330 each, 15 at $217 each, and 30 at $284 each. An inventory shows that 45 fuel tanks remain. Find the inventory value using the weighted-average method. _____
Find the value of the inventory listed in Exercise 19 using (a) the FIFO method and _____ (b) the LIFO method. _____
Round to the nearest dollar amount.
Craighead Products made the following purchases of fuel tanks during the year: 25 at $270 each, 40 at $330 each, 15 at $217 each, and 30 at $284 each. An inventory shows that 45 fuel tanks remain. Find the inventory value using the weighted-average method. _____
Explanation
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The following table is given 
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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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