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can someone help me find the FIFO? i did the LIFO instead problem 2 (30 Points) recorded the following information pertaining to the inventory: During

can someone help me find the FIFO? i did the LIFO instead image text in transcribed
problem 2 (30 Points) recorded the following information pertaining to the inventory: During March 2021, Happy Hill Company, which maintains a perpetual inventory system, Transaction Price Cost $14.00 +2 8000 $14.40 - 4 GODO Date 12. Mar Beginning inventory 15-Mar Purchase 119-Mar Sale 30-Mar Purchase Quantity 2,000 3,200 4,000 1.000 $28.50 114,000 $14.75 14,750 Compute the cost of goods sold: the ending inventory and the gross profit assuming Happy Hill Company uses First-In, First-Out (FIFO) Note: Remember to show your calculations and properly label your work Cost of goods Purchase Sold March 2 Inventory 2000@14- 28000 3200@14.40=46080 15 32000 14.40.46000 19 3200214.40-46080 300014 1 1900 30 1000 14.75.14250 46080 Mooo 98.50-114,000 - 11200 51280 -5790 54,720 1200@14-16800 1000214.75=14750 31550 Ending Inventory = $ 31,556 Cost of goods sold=57,980 Gross Picht$ 54,100

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