Question
Can someone help me with this problem Glee had in beginning inventory4,960of Unique's CDs with a unit cost of $7.During October, Glee made the following
Can someone help me with this problem
Glee had in beginning inventory4,960of Unique's CDs with a unit cost of $7.During October, Glee made the following purchases of Unique's CDs.
Oct. 3..;@$8Oct. 1..;@$10Oct. 9..;@$9Oct. 259,920@$11
During October,27,032units were sold.
Cost of goods available for sale $_____________
Cost per unit $___________
Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement?
_______produces the highest inventory amount_______
_______produces the highest cost of goods sold______
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