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Compute -Cost of goods sold under Periodic Inventory System using LIFO assumption -Cost of goods sold under Perpetual Inventory System using LIFO assumption -Ending Inventory
Compute -Cost of goods sold under Periodic Inventory System using LIFO assumption -Cost of goods sold under Perpetual Inventory System using LIFO assumption -Ending Inventory under Periodic Inventory System using LIFO assumption -Cost of goods sold under Periodic Inventory System using Weighted Average assumption -Ending Inventory under Periodic Inventory System using Weighted Average assumption LO3. In March, Holly Company had the following transactions affecting inventory during March March 1 Beg. Balance 500 units @ $10.00 March 5 Sale 300 units March 10 Purchase 300 units @ $11.00 March 20 Sale March 30 350 units 200 units @ $12.00 Purchase
Compute
-Cost of goods sold under Periodic Inventory System using LIFO assumption
-Cost of goods sold under Perpetual Inventory System using LIFO assumption
-Ending Inventory under Periodic Inventory System using LIFO assumption
-Cost of goods sold under Periodic Inventory System using Weighted Average assumption
-Ending Inventory under Periodic Inventory System using Weighted Average assumption
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