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be6-9 At December 31, 2017, the following information was available for E. Hetzel Company: ending inventory $40,000, beginning inventory $56,000, cost of goods sold S270,000,

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be6-9

At December 31, 2017, the following information was available for E. Hetzel Company: ending inventory $40,000, beginning inventory $56,000, cost of goods sold S270,000, and sales revenue $380,000. Calculate inventory turnover and days in inventory for E. Hetzel Company. BE6-9 Apply cost flow methods to perpetual inventory records. (LO 5) Rosario Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases Date Number of Units Unit Price May 7 July 28 On June 1, Rosario sold 26 units, and on August 27, 40 more units. Prepare the perpetual inventory schedule for the above transactions using (a) FIFO, (b) LIFO, and (c) moving-average cost 50 30 $10 13 BEG-10 pply the gross profit method. gen/courses/crs8363/ebook/c06/d2V5z2FuZHQ5NzgxMTE40Dc1MDU2YzA2XzItMC54Zm9ybQ.enc?course-crs83... 5/29

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