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ations Helgeson Inc. identifies the following items as possibly belonging in its physical inventory count. For each item, indicate whether or not it should be

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ations Helgeson Inc. identifies the following items as possibly belonging in its physical inventory count. For each item, indicate whether or not it should be included in the inventory. LUS Support A (a) Goods shipped on consignment by Helgeson to another company. (b) Goods held on consignment by Helgason from another company. (o Goods in transit to a customer, shipped FOB destination (d) Goods in transit to Helgeson from a supplier shipped FOB shipping point le) Goods in transit to a customer shipped FOB shipping point. 6) Goods in transit to Helgeson from a supplier, shipped FOB destination In its first month of operations, Indigo Inc. made three purchases of merchandise in the following sequence: (1) 370 units at $8 each, (2) 690 units at $13 each, and (3) 790 units at $12 each. A physical inventory count determined that there were 580 units on hand at the end of the month. Assuming Indigo uses a periodic inventory system. Calculate the cost of the ending inventory and cost of goods sold using by FIFO. Ending inventory $ Cost of goods sold $ e Textbook and Media Calculate the cost of the ending inventory and cost of goods sold using average. (Round final answers to 2 decimal places, eg. 1.52.) Weighted average cost $ Ending inventory $ Cost of goods sold $

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