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Bonita Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $430 each. On January 10,
Bonita Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $430 each. On January 10, Bonita purchased 6 units at $500 each. The company sold 2 units on January 8 and 5 units on January 15.
Exercise 6-16 a-c Bonita Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $430 each. On January 10, Bonita purchased 6 units at $500 each. The company sold 2 units on January 8 and 5 units on January 15. Compute the ending inventory under FIFO. (Round answer to o decimal places, e.g. 1,250.) FIFO The ending inventory LINK TO TEXT Compute the ending inventory under LIFO. (Round answer to 0 decimal places, e.g. 1,250.) LIFO The ending inventory LINK TO TEXT Compute the ending inventory under moving average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to o decimal places, e.g. 1,250.) MOVING-AVERAGE COST The ending inventoryStep by Step Solution
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