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Aunt Connie Corp had the following Inventory Aunt Connie Corp makes one sale of 200 units on December 23rd and uses the LIFO method to
Aunt Connie Corp had the following Inventory Aunt Connie Corp makes one sale of 200 units on December 23rd and uses the LIFO method to account for inventory. What is the Cost of Goods Sold in December? What is the Ending inventory in December? Date Transaction Units Cost Total Cost Jan 1 Beg. Inventory 100 $45 $4.500 Jan 10 Purchase 150 $40 $6.000 O Cost of Good Sold 3.500 Ending Inventory $2.000 OR Cost of Good Sold 18.250: Ending Inventory $2,250 Oc Cost of Good Sold 4.500: Ending Inventory 56.000 Cost of Good Sold 58.400: Ending wentory 12.100 , Question 48 8 points Aunt Bess Corp had the following Inventory Aunt Bess Corp makes one sale of 200 units on December 23rd and use the weighted Average method to account for inventory. What is the Cost of Goods Sold in December? What is the Ending Inventory in December? Date Transaction Units Cost Total Cost Jan 1 Beg. Inventory 100 $20 $2000 Jan 10 Purchase 150 $30 $4500 OR Cost of Good Sold $5,000 : Ending Inventory $1,500 Cost of Good Sold 54,000: Ending Inventory $1,000 Cost of Good Sold 55,500: Ending Inventory $1,000 Cost of Good Sold $5,200 : Ending Inventory $1,300 OD
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