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ACCOUNTING 2010-SURVEY OF FINANCIAL ACCOUNTING Hannah King-Guffey Homework: Chapter 6 Homework Score: 0 of 13 pts E6-19A (similar to) 2 of 5 10 complete) HWScore:

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ACCOUNTING 2010-SURVEY OF FINANCIAL ACCOUNTING Hannah King-Guffey Homework: Chapter 6 Homework Score: 0 of 13 pts E6-19A (similar to) 2 of 5 10 complete) HWScore: 0%, 0 of 56 pts Question Help Big Fish, Inc's inventory records for a particular development program show the following at December 31: EB(Click the icon to view the accounting records.) At December 31, 11 of these programs are on hand Requirements 1. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific unit cost, with seven $165 units and four $175 units stll on hand at the end b. Average cost c. First-in, first-out d. Last-in, first-out Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory using (a) specific unit cost then (b) average cost then (c) FIFO, and finally (d) LIFO. (Round the average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) Number of units Cost of goods sold Ending inventory L-? Data Table Dec Beginning inventory 9 $165 $ 1.485 15 Purchase5 166- $ 26 Purchase 13 175- $ 2,275 units Print Done

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