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Both of 2. LIFO. During the yoat, TAC Corporation has the following inventory transactions. For the entire yeac, the company sells 440 units of inventory

Both of 2. LIFO. image text in transcribed
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During the yoat, TAC Corporation has the following inventory transactions. For the entire yeac, the company sells 440 units of inventory for $64 each Required: Ta s b. Using FIFO, calculate ending inventory and cost of goods sold. 1e 8 d. Using FIFO, calculate sales revenue and gress profit. 2a \& b. Using UFO, calculate ending imventory and cost of goods sold. 2 - $ d. Using UFO, calculate sales revenue and gross profi. 3-a 8 b. Using weighted-average cost, calculate ending inventory and cost of goods sold 3 d. Using weighted-average cost, calculate sales teveroue and gross profa. 4, Determine which method wit result in higher profitability when inventory costs are rising Complete this question by entering your answers in the tabs below. Using uro, calculate ending inventory and cost of goods sold. For the entire year, the company sells 440 units of inventory for $64 each. Required: 1-a \& b. Using FFFO, calculate ending inventory and cost of goods sold. 1c& d. Using FIFO, calculate sales revenue and gross profit. 2-a \& b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c \& d. Using LIFO, calculate sales revenue and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c \& d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are rising. Complete this question by entering your answers in the tabs below. Using LIFO, calculate sales revenue and gross profit

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