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An analyst gathered the following information about a company for a fiscal year: Quarter Purchases Cost per Purchases in Units Unit in Dollars 100 Q1
An analyst gathered the following information about a company for a fiscal year: Quarter Purchases Cost per Purchases in Units Unit in Dollars 100 Q1 Q2 200 300 $12.00 $1,200 $14.00 $2,800 $16.00 $4,800 $18.00 $7,200 $16,000 Q4 400 FY total 1,000 Beginning Inventory 200 $10.00 $2,000 This firm uses LIFO perpetual. Fiscal Year Goods Available for Sale is closest to: $18,000 $14,000 $16,000 No answer text provided. An analyst gathered the following information about a company for a fiscal year: Quarter Purchases Cost per Purchases in Units Unit in Dollars Q1 100 200 300 Q3 Q4 $12.00 $1,200 $14.00 $2,800 $16.00 $4,800 $18.00 $7,200 $16,000 400 FY total 1,000 Beginning Inventory 200 $10.00 $2,000 Ending Inventory under Weighted Average is closest to: $3,000 $2,000 $2,800 No answer text provided
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