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Carla Vista Company Inc. had a beginning inventory of 115 units of Product RST at a cost of $7 per unit. During the year, purchases
Carla Vista Company Inc. had a beginning inventory of 115 units of Product RST at a cost of $7 per unit. During the year, purchases were: Carla Vista Company uses a periodic inventory system. Sales totaled 1,600 units. Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit $ Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 150.) eTextbook and Media Your answer is incorrect. Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement? results in the lowest inventory amount for the balance sheet. results in the lowest cost of goods sold for the income statement. Carla Vista Company Inc. had a beginning inventory of 115 units of Product RST at a cost of $7 per unit. During the year, purchases were: Carla Vista Company uses a periodic inventory system. Sales totaled 1,600 units. Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit $ Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 150.) eTextbook and Media Your answer is incorrect. Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement? results in the lowest inventory amount for the balance sheet. results in the lowest cost of goods sold for the income statement
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