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Assignment 5 ( Chapter 8 Inventory topics ) Question 8 of 1 3 > 0 2 table [ [ Date , Transaction, table

Assignment 5(Chapter 8 Inventory topics)
Question 8 of 13>
02
\table[[Date,Transaction,\table[[Units],[In]],\table[[Unit],[Cost]],Total,\table[[Units],[Sold]],\table[[Unit],[Price]],Total],[May 1,Balance,140,$4.00,$560,,,],[6,Purchase,810,4.10,3,321,,,],[7,Sale,,,,340,$7.00,$2,380
1. Assume that the prepetual inventory method is used, calculate the inventory cost at May 31 under FIFO
Ending Inventory:
2. Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under moving-average
Ending Inventory:
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