Agree Company uses a perpetual inventory system. From the following information, prepare an inventory record form (a)
Question:
Agree Company uses a perpetual inventory system. From the following information, prepare an inventory record form
(a) Assuming that the FIFO method is in use
(b) Assuming that the LIFO method is in use. Assume on January 1, 201X, a beginning inventory of 804 units at a cost of $9 each.
Transcribed Image Text:
Received Sold Date Quantity Cost per Unit Date Quantity Аpг. 15 218 $ 12 Мar. 8 494 Nov. 12 798 13 Oct. 5 348 Dec. 31 704 8 Nov. 30 396
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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