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3.2 The following tables shows the number of units and purchases of inventory. Calculate Cost of Goods Sold under the three cash flow assumption (LIFO,

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3.2 The following tables shows the number of units and purchases of inventory. Calculate Cost of Goods Sold under the three cash flow assumption (LIFO, FIFO, Weighted Average Cost) 200 Units were sold. 3. Calculate an amortization table for the following events, based under the three different methods for the following transactions (straight-line, double diminishing, units of use). An automobile was purchased in 2010 however no accounting entries were made. Prepare amortization entries for the automobile for 20102020. An automobile was purchased in 2010 for $20,000. It has a 10-year useful life and useful life of 250,000km and a residual value of $5,000. Use the following information. > The car travelled 10,000 in 2010 > The car travelled 15,000 in 2011 > The car travelled 25,000 in 2012 > The car travelled 5,000 in 2013 > The car travelled 10,000 in 2014 > The car travelled 10,000 in 2015 > The car travelled 60,000 in 2016 > The car travelled 5,000 in 2017 > The car travelled 10,000 in 2018 > The car travelled 10,000 in 2019 > The car travelled 40,000 in 2020

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