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At the beginning of October a company had 78 crates of inventory with a total cost of $4,290. following information is available for the month:
At the beginning of October a company had 78 crates of inventory with a total cost of $4,290. following information is available for the month: EB (Click the icon to view the transactions) The company uses a perpetual inventory system. The Complete the following for the month. nearest dollar.) For weighted average calculations, round per unit costs o the nearest cent and al other amounts to the Data Table Gross profit is using the FIFO inventory costing method. Gross profit is Gross profit is using the weighted-average inventory costing method13 Sale180 crates using the LIFO inventory costing method Oct.5 Purchase 56 crates 64 each 96 each 114 crates @S 75 each 50 crates @$ 106 each 18 Purchase 26 Sale Print Done A company sells tires and uses a perpetual inventory system. The following is available for the month: (Click the icon to view the transactions.) Indicate gross profit for the month assuming FIFO inventory costing Gross profit is $ (i) Indicate gross profit for the month assuming LIFO inventory costing Gross profit is susing the LIFO inventory costing method (ili) Indicate gross profit for the month assuming weighted-average inventory costing. (For weighted-average calculations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) Gross profit is susing the weighted-average inventory costing method using the FIFO inventory costing method More Info Oct. 1 Beginning merchandise inventory 28 tires@S 70 each 7 tiress 80 each 14 tiresS 89 each 21 tires @ S 82 each 25 tiresS 89 each 11 Purchase 23 Sale 26 Purchase 29 Sale Print Done
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