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Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May: The cost of the inventory on April 1 is
Alternative Inventory Methods
Garrett Company has the following transactions during the months of April and May:
The cost of the inventory on April is $$ and $ per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions.
Required:
Compute the inventories at the end of each month and the cost of goods sold for each month for the following alternatives:
a FIFO periodic
Cost of Goods Sold Ending Inventory
April $
X $
May
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