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Could you please do it in an excel worksheet? 37. Stuffing Inc. Provided the following data were available for the month of January, 2016: Units
Could you please do it in an excel worksheet?
37. Stuffing Inc. Provided the following data were available for the month of January, 2016: Units Cost per Unit 200 $5.00 Inventory, January 1 Purchase No. 1 400 5.50 Purchase No. 2 700 6.00 Ending Inventory 800 Sale No. 2 (sold at $13.00 per unit) 500 Required: Create a table to compute the following under both the FIFO and LIFO inventory methods: 1. Beginning inventory 2. Ending inventory 3. Cost of goods available for sale 4. Cost of goods sold 5. Gross profitStep by Step Solution
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