Breaker Corp. uses the periodic inventory system, and has the following information about purchases and sales during the year: InstructionsCalculate the cost to be assigned to ending inventory for each of the cost formula below:
a. Average $____________
b. FIFO $____________

Question

Breaker Corp. uses the periodic inventory system, and has the following information about purchases and sales during the year:  InstructionsCalculate the cost to be assigned to ending inventory for each of the cost formula below: 
a. Average $____________
b. FIFO $____________

Quizplus · Accepted Answer

The Answer of Breaker Corp. uses the periodic inventory system, and has the following information about purchases and sales during the year:  InstructionsCalculate the cost to be assigned to ending inventory for each of the cost formula below: 
a. Average $____________
b. FIFO $____________