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

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