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Bridgeport Corp. uses a perpetual inventory system reports the following for the month of June. Calculate cost of the ending inventory and the cost of
Bridgeport Corp. uses a perpetual inventory system reports the following for the month of June. Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 410 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Round answers to 0 decimal places, e.g. 125.)
Bridgeport Corp. uses a perpetual inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $600 Purchases 360 2,160 Purchases 1,540 220 240 30 Inventory Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 410 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory $ A A A The cost of goods sold A A A
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