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Cost of goods sold is to be left blank. I does not let me input a number nor does the question give me a cost
Cost of goods sold is to be left blank. I does not let me input a number nor does the question give me a cost of unit sold
P7-5 Part 1 Required: 1. Complete the following tabulation for each situation in Situations A and B (prices rising), assume the following (pr ces faling assume the opposite; that is, begnn g inventory, 286 units at S10-32.860; purchases. 384 units at $9 = $3.456 g inventory, 286 units at $9-$2,574: purchases, 384 units at S10 $3,840. In Situations C and D se periodic inventory procedures. Round your answers to nearest dollar amour ituation Situation Situation Situation FIFO LIFO FIFO LIFO Sales revenue Cost of goods sold: 16,863 S 16,863 S 16,863 S 16,863 Goods avai lable sale Endi Cost of goods sold Gross 574 3,840 6,414 590 4,824 039 3,900 900 900 900 Pretax income Income tax 2,442 Net income 697 P7-5 Part 1 Check my work Required 5.00 points P7-5 Part 2 2. Complete the following sentences: than prices are resultsStep by Step Solution
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