Refer to the information in E6-8A and assume the perpetual inventory system is used. Calculate the value

Question:

Refer to the information in E6-8A and assume the perpetual inventory system is used. Calculate the value of ending inventory and cost of goods sold using the perpetual method and

(a) first-in, first-out,

(b) last-in, first-out, and

(c) weighted-average cost method. Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar.

Exercise E6-8A

The following data are for the Vista Company, which sells just one product:

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Calculate the value of ending inventory and cost of goods sold using the periodic method.

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Financial Accounting For Undergraduates

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Refer to the information in E6-8A and assume the perpetual inventory system is used. Calculate the value

Question:

Beginning inventory, January 1 Purchases: February 11 May 18.... October 23. Sales March 1. July 1 Units Unit Cost 200 $10 500 14 400 17 100 18 400 380

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Financial Accounting For Undergraduates

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