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CALCULATOR FULL SCREEN PRI Brief Exercise 8-6 Concord Company uses a periodic inventory system. For April, when the company sold 600 units, the following information

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CALCULATOR FULL SCREEN PRI Brief Exercise 8-6 Concord Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase Units 270 440 290 1,000 Unit Cost $30 36 39 Total Cost $ 8,100 15,840 11,310 $35,250 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventorys Cost of goods sold Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 10 used SAVI Brief Exercise 8-9 Ivanhoe, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Inventory at Current-Year Cost Year Ended December 31 2016 2017 2018 $17,900 19,530 24,360 Price Index 100 105 116 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method. 2017 2018 Inventory under LIFO Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Brief Exercise 8-8 Cullumber Company had ending inventory at end-of-year cost of $138,100 at December 31, 2016; $168,820 at December 31, 2017; and $179,829 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, 115 at 12/31/17, and 117 at 12/31/18. Compute the ending inventory for Cullumber Company for 2016 through 2018 using the dollar-value LIFO method 2016 2017 2018 Ending Inventory s Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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