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Assume that Wake Up Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the icon to view the transactions)
Assume that Wake Up Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the icon to view the transactions) Read the requirements Requirements 1., 2., and 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the (1) FIFO inventory costing method, (2) LIFO inventory costing method, and (3) weighted-average inventory costing method. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods. Requirement 1. FIFO PLA Less Cost of goods sold More info Jun. 1 Jun. 12 Jun. 20 Jun. 24 Jun. 29 Beginning merchandise inventory Purchase Sale Purchase Sale Print Done 22 units@ $15 each 11 units @ $17 each 14 units @ $30 each 20 units@ $19 each 21 units @ $30 each - X ack answ
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