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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 1 is 55,54 , and 52 per unit, respectively, under the F1FO, average, and LIFO cost flow assumptions. Required: d. LIFO perpetual (Round your intermediate calculations to the nearest cent.) Cost of Goods Sold Ending Inventory \begin{tabular}{lr|} April $5 & 5 \\ May $5 & 5 \\ \hline \end{tabular} e. Weighted average (Round unit costs to 4 decimal places and final answers to the nearest dollar.) Cost of Goods Sold Ending Inventory f. Moving average (Round unit costs to 2 decimal places and final answers to nearest dollar) Cost of Goods Sold Ending Inventory 2. Reconcile the difference betwreen the LIFO periodic and the LIFO perpetual results. If an amount is zero, enter "O". April Cost of Goods Sold Ending Inventory Difference 5 May Cost of Goods Sold Ending Inventory Difference 5
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