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2.LO 6.2: AC vs. FIFO vs. LIFO cost (s) 800 Information about Beerba's January inventory records are as follows units cost/unit date (#) (s) Jan.

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2.LO 6.2: AC vs. FIFO vs. LIFO cost (s) 800 Information about Beerba's January inventory records are as follows units cost/unit date (#) (s) Jan. 1 Beginning inventory 100 8 Jan. 6 Purchase 1 60 9 Jan. 21 Purchase 2 150 9 Jan. 27 Purchase 3 90 10 Jan. 31 Ending inventory ? ? 540 1,350 900 Assume the following additional information: 310 units of inventory were sold in January January's net sales revenue was $6,770 January's operating expenses (excluding COGS) totaled $1,900 Tax expense is calculated as 30% x operating income 2.a.Complete the tables Complete the tables below assuming Beerbo applies different inventory costing methodologies. (round to t nearest dollar) Average Cost Method FIFO Method LIFO Method Net sales revenue COGS Gross profit Operating expenses Income before tax Tax expense Net income Ending inventory QUESTION 3 P..2.a Under the first-in, first-out method, cost of goods sold is $[a1]. Round to the nearest dollar. QUESTION 4 P..2.a Under the last-in, first-out method, ending inventory is $[a1). Round to the nearest dollar

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