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Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO and average-cost). Problem 6-02A a,
Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO and average-cost).
Problem 6-02A a, b1 b2, c (Part Level Submission) (Video) Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning inventory 2,000 of Unique's CDs with a unit oost of SS. During October, Vaughn made the following purchases of Unique's CDs. Oct. 3 2,500 @ $6 Oct. 9 3.500 @ $7 Oct. 193.000 $8 Oct. 254.000 $9 During October 10,850 units were sold. Vaughn uses a periodic inventory system. (1) (62) x Your answer is incorrect. Try again. Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average cost), (Round answers to a decimal places, e.g. 1.250.) FIFO LIFO AVERAGE-COST x The ending inventory 35800 2000 29930 $ M The cost of goods sold 72700 8600 Click if you would like to show Work for this question: Show W
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