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AaBbcc AaBbcc Aabbcc Aabbcc AaBbce A Heading 2 Strong Emphasis 1 Normal Subtitle Paragraph Styles Question 4 20 marks J.R. Toys Store bought and sold

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AaBbcc AaBbcc Aabbcc Aabbcc AaBbce A Heading 2 Strong Emphasis 1 Normal Subtitle Paragraph Styles Question 4 20 marks J.R. Toys Store bought and sold a line of dolls of inventory and has the following records relating to its December 2012 inventory Date Item Quantity (units) Unit Cost 19 Dec Beginning inventory 11 $10 30 Dec Sale 6 gin Dec Purchase 14 $15 11 Dec Sale 13 15 Dec Purchase 10 $17 Required: JR Toys uses the perpetual inventory system, compute the cost of goods sold under FIFO (5 marks) UFO (5 marks) Average Cost (round amounts to the nearest cent-ie two decimal places) (5 marks) IV Which method results in the highest cost of goods sold? (5 marks) I Answer and show workings here! 22 Home End Insert Delete FL %

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