1) Five jobs were worked on this month. Balances are as follows: Job 356, $450; Job 357, $1235; Job 358, $378; Job 359, $689; Job 360, $456. Jobs 356, 357, 358, and 359 were completed but not sold. Job 360 has not yet been completed. Required: Compute the value of the finished goods inventory.
2) Refer to #1. Compute the value of the work in process inventory.
3) Beginning Inventory: 100 units @ $1 = $100
First Purchase: 200 units @ $2 = $400
Second Purchase; 300 units @ $3 = $900
Third Purchase: 400 units @ $4 = $1600
Ending Inventory: 200 units
Required: Based on the above data, compute the value of the ending inventory, using the FIFO method.
4) Refer to #3. Compute the value of the ending inventory, using the LIFO method.
5) Refer to #3. Compute the value of the ending inventory, using the weighted average method.