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can you please help me fill this out? Problem 5-8A (Algo) Periodic: Income comparisons and cost flows LO A1, P1 QP Corporated sold 5,410 units
can you please help me fill this out?
Problem 5-8A (Algo) Periodic: Income comparisons and cost flows LO A1, P1 QP Corporated sold 5,410 units of its product at $45,90 per unit during the year and incurred operating expenses of $6.90 per unit in selling the units. It began the year with 690 units in inventory and made successive purchases of its product as follows. Required: 1. Prepare comparative year-end income statements for the three inventory costing methods of FIFO, LFO, and weighted average which includes a detalled cost of goods sold section as part of each statement. The company uses a periodic inventory system. Note: Round your average cost per unit to 2 decimal places and round your final answers to nearest whole dollar amount. Wricn inciudes a detailea cost or gooas soia section as part or eacn statement. ine company uses a peric Note: Round your average cost per unit to 2 decimal places and round your final answers to nearest w Step by Step Solution
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