1. FIRST-IN, FIRST-OUT INVENTORY COSTING METHOD
3
2 4
1 5
1. Total Units on Hand
2. Units from the Most Recent Purchase
3. Units Needed to Equal the Total Units on Hand
4. Unit Price Times Fifo Units
5. Total Fifo Cost
Lesson 22-2, page 580
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Educational Publishing

2. LAST-IN, FIRST-OUT INVENTORY COSTING METHOD
2
3 5
4
1 6
1. Total Units on Hand
2. Beginning Inventory Units
3. Units from the Earliest Purchase
4. Units Needed to Equal the Total Units on Hand
5. Unit Price Times Lifo Units
6. Total Lifo Cost
Lesson 22-2, page 581
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Educational Publishing

3. WEIGHTED-AVERAGE INVENTORY COSTING METHOD
1. Total Cost of
Inventory
Available
2. Weighted-
Average
Price per Unit
1 3. Cost of
Ending
Inventory
2
3
Lesson 22-2, page 582
© South-Western
Educational Publishing

4. COMPARISON OF INVENTORY METHODS
Lesson 22-2, page 583
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Educational Publishing

5. TERMS REVIEW
first-in, first-out inventory costing method
last-in, first-out inventory costing method
weighted-average inventory costing method
Lesson 22-2, page 584
© South-Western
Educational Publishing