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Akira Company had the following transactions for the month Number Cost of Units per Unit Beginning Inventory 150 $10 Purchased Mar. 31 170 12 Purchased
Akira Company had the following transactions for the month Number Cost of Units per Unit Beginning Inventory 150 $10 Purchased Mar. 31 170 12 Purchased Oct. 15 130 15 Ending Inventory 60 2 Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount. Ending Inventory A. First-in, First-out (FIFO) B. Last-in, Fust-out (FO) C. Weighted Average (AVG) Calculate the goods available for sale for Atlantis Company, in units and in dollar amounts, given the following facts about their inventory for the period: Number Cost of Units per Unit Beginning inventory 140 $74 Purchased goods during the period 230 77 Sold goods during the period 80 124 Purchased goods during the period 230 Goods available for sale in units 54,090 X 70 Goods available for sale in dollar 44,170
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