Posted by **Anonymous** on Thursday, November 17, 2011 at 1:37pm.

Marvin Company has a beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, the store purchased 4 sets at $1.60, 6 sets at $2.50 and 10 sets at $3.00. By the end of the year, 25 sets were sold. Calculated (a) the number of paint sets in stock and (b) the cost of ending inventory under LIFO, FIFO, and the weighted-average methods. Round to the nearest cent for the weighted average?

## Answer This Question

## Related Questions

- Business Math - Being inventory of 12 sets of paints at a cost of $1.50 each. ...
- business math - A toy store has a beginning inventory of eight sets of paints at...
- college math for teachers - Use the following sets to complete the givien ...
- Finite Math - 15 An appliance store sells two brands of televisions. Each ...
- Math - Solve this problem using the simplex method. A company manufactures ...
- Math - A furniture company displays bedroom sets which require 21 square meters ...
- money - Ryan gets a gift of $80 on his birthday. He goes to the Lego store to ...
- health - Which of the following is true in regard to limited data sets? A....
- allied health - which of the following is true in regard to limited data sets>...
- Public Finance - Suppose the marginal social cost of television sets is $100. ...

More Related Questions