1. FIRST-IN, FIRST-OUT INVENTORY COSTING METHOD3 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 578

2. LAST-IN, FIRST-OUT INVENTORY COSTING METHOD2 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 579

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 580

4. COMPARISON OF INVENTORY METHODS
Lesson 22-2, page 581

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 582