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Attempts: 2 of 3 used ( 2) From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records
Attempts: 2 of 3 used ( 2) From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FFO).(2) Lasti, est-out (LIFO). (3) Average-cost. (Round final answers to decimal places, .g. 6,548.) (1) (3) Average-cost FIFO Ending Inventory Attempts of 3 used SAVE FOR LATER SUBMIT ANSWER the art above The parts of this question must be completed in order. This part will be available when you come Kieso, Intermediate Accounting, 16th Edition, Custome r Help System Announcements Problem 8-5 (Part Level Submission) Some of the information found on a detail inventory card for Stellar Inc. for the first month of operations is as follows. Received evel Date January 2 Level Issued, No. of Units No. of Units 1,300 Unit Cost $4.83 800 No. of Units 1,300 500 1,200 600 700 5.15 Study 1,100 5.31 1,300 100 1,400 5.47 900 200 1,600 700 2,400 1,000 1,700 5.64 1,400 (a1) (a2) From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records a (LIFO). (3) Average cost. (Round final answers to o decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory LINK TO TEXT LINK TO TEXT
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