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Date Sarasota Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 71 units were sold. Explanation
Date Sarasota Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 71 units were sold. Explanation Units Unit Cost Total Cost May 1 Inventory 34 $9 $306 15 Purchase 27 10 270 24 Purchase 39 429 Total 100 $1,005 Your answer is correct. Calculate the weighted average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average unit cost $ 10.05 eTextbook and Media Attempts: 1 of 6 used (b) Your answer is incorrect. Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to decimal places, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 $ $ $ e Textbook and Media Save for Later Attempts: 3 of 6 used Submit
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