Simpson Appliance uses a perpetual inventory system. For its flat-screen television sets. fhe^Fanuary 1 inventory was 3
Question:
Simpson Appliance uses a perpetual inventory system. For its flat-screen television sets.
fhe^Fanuary 1 inventory was 3 sets at $600 each. On January 10, Alpine purchased 6 units at
$660 each. The company sold 2 units on January 8 and 5 units on January 15.
Instructions Compute the ending inventory under (1) FIFO, (2) LIFO, and (3) average cost.
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Related Book For 
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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