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Can anyone help me what goes on SYSTEM AND METHOD PLEASE THATS THE ONLY THING IM MISSING!!!!! LIFO System Tavolos 24.540 Purchase PERIODIC When the
Can anyone help me what goes on SYSTEM AND METHOD PLEASE THATS THE ONLY THING IM MISSING!!!!!
LIFO System Tavolos 24.540 Purchase PERIODIC When the periode inventory system is used, only revenue is recorded each time a sale is made. No entry is made at the time of the wale to record the cost of the poode sold. At the end of the Accounting period, physical Inventory is taken to determine the cost of the inventory and the cost of the goods sold Problem 4 to 6 The units of s em available for sale during the year were as follows: Laventory 180 $108 Mar. 10 Purchase 224 units at $110 Aug 30 Purchase 200 units $116 Dec. 12 Purchase 196 units at $120 There are 208 units of the item in the physical inventory s Domber 31. The periodic inventory system is sed Determine the ending inventory cost and the cost of goods sold by three methods System Method: A ble for SE 23200 eventory 108 Total Core 1970 24.540 22 200 Cost of goods available for sale 90,800 Ending Inventory 22520 Cost of Goods Sold 28280 120 Weighted Art Cost System: Method TRGO Inventory 19 24.640 21 08 Date Beg iny Purchase Purchase Purchase Tool Cou 19,440 24040 22:00 23 520 Available for Sale 800 90.800 Cost of goods available for Ending Inventory Cost of Goods Sold Total Cost of Units Available for Sale Weighted Average Unit Cost -- Units Available for Sale ESSERE Cost of goods available for sale 90.800 Ending Inventory Cost of Goods SoldStep by Step Solution
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