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Data Table The following data are available for a company: EEB (Click the icon to view the information.) Assume a perpetual inventory system. Units Transaction
Data Table The following data are available for a company: EEB (Click the icon to view the information.) Assume a perpetual inventory system. Units Transaction Unit Cost 3,300 17.60 Beginning inventory 1/1 inventory costing method, what is cost of goods sold for the year? Purchases, January 23 4,400 16.80 Using the FiFO Purchases, February 14 1,000 16.90 Using the LIFO inventory costing method, what is the cost of ending inventory? S Purchases, March 17 2,900 17.80 9,300 Units Sold - April 13 at $21 15.50 Purchases, May 5 5,800 16.30 Purchases, July 4 3,800 Units Sold- October 31 at $18 8,200 1,300 15.30 Purchases, November 22 PrintDone Enter your answer in the edit fields and then click Check
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