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Assume that Bridgeport Company has the following transactions in its first month of operations. Sold Date Feb. 1 Feb. 10 Feb. 21 Feb. 28 Purchases
Assume that Bridgeport Company has the following transactions in its first month of operations. Sold Date Feb. 1 Feb. 10 Feb. 21 Feb. 28 Purchases 2.200 @ $3.60 6,500 @ $4.00 Balance 2,200 units 8,700 units 4.800 units 6,600 units 3,900 units 1,800 @$4.35 Bridgeport uses a perpetual inventory system. (a) Your answer has been saved. See score details after the due date. Compute cost of goods sold and ending inventory at February 28, assuming Bridgeport uses the FIFO cost flow assumption. Cost of goods sold $ 14720 Ending inventory $ 27030 Attempts: 1 of 1 used (b) Compute cost of goods sold and ending inventory at February 28, assuming that Bridgeport uses the LIFO cost flow assumption Cost of goods sold $ Ending inventory $ Save for Later Attempts: 0 of 1 used Submit Answer Your answer has been saved. See score details after the due date. Compute cost of goods sold and ending inventory at February 28, assuming Bridgeport uses the FIFO cost flow assumption. Cost of goods sold $ 14720 Ending inventory $ 27030 Attempts: 1 of 1 used (b) Compute cost of goods sold and ending inventory at February 28, assuming that Bridgeport uses the LIFO cost flow assumption. Cost of goods sold $ Ending inventory $ Save for Later Attempts: 0 of 1 used Submit
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