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Arrow Company is a retailer that uses the periodic Inventory system. August 1 Beginning inventory 80 units of Product A $1,600 total cost 5 Purchased

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Arrow Company is a retailer that uses the periodic Inventory system. August 1 Beginning inventory 80 units of Product A $1,600 total cost 5 Purchased 100 units of Product A $2,116 total cost 8 Purchased 200 units of Product A $4,416 total cost 11 Sold 170 units of Product A 54 800 total sale Calculate the August cost of goods sold and the ending inventory at August 31 using (a) first in, first-out. (b) last in, first-out, and (c) the weighted average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar A First in first-out Ending inventory Cost of Goods Sold $ 3.504 B. Last- first-out Ending inventory 5 Cost of Goods Sold 5. C. Weighted average cost Ending Inventory Cost of Goods Sold S 3,638 My Subscriptions COGS Inventory Costing Methods--Periodic Method The following information is for the Vista Company, the company sells just one product: Units Unit Cest Inventory an1 Feb 11 May 18 Oct 23 March 1 July 1 400 100 000 0 Calculate the value of ending inventory and cost of goods sold using the periodic method and (aftin first-out, (b) lastin, first-out, and (c) weighted average cost method Do not round until your final answers, Round your final answers to the nearest dollar A Firstan frstout. Ending Inventory S 1.800 x Cost of goods sold s 10.350 B. Last in first-out Ending inventory s 420 x cost of goods sold s 12.520 E BusinessCourse C. Weighted Average Ending Inventory $ Cost of goods sold $ 420 X 11,440 Check Partially LOTTEC Marks for this submission: 2.50/5.00.

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