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3) ALLULATOR FULL SCREEN PRINTER VERSION BACK Exercise 6-5 Martinez Co. uses a periodic Inventory system. Its records show the following for the month of
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ALLULATOR FULL SCREEN PRINTER VERSION BACK Exercise 6-5 Martinez Co. uses a periodic Inventory system. Its records show the following for the month of May, in which 101 units were sold. Date Explanation Units Unit Total Cost Cost May Inventory 44 09 0 396 Purchase 33 11 363 Purchase 56 12 133 61,431 24 672 Total Compute the ending Inventory at May 31 and cost of goods sold using the FIFO and average cost methods. (Round per unit cost to 2 decimal places, e.g. 15.25 and final answers to o decimal places, eg. 125.) FIFO Average-Cost The ending inventory at May 31 Cost of goods sold LINK TO TEXT Step by Step Solution
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