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E 25 AaBbcc 2 At A & II A - B - A - A 5. AaBbcc ding 2 Heading 3 Normal ASSESSITICIL LOVCI UCC

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E 25 AaBbcc 2 At A & II A - B - A - A 5. AaBbcc ding 2 Heading 3 Normal ASSESSITICIL LOVCI UCC ANSWER SHEET Problem One: P6-62A. (Learning Objectives 2, 3: Computing inventory by three methods--perpetual system) Fatigues Surplus began October with 78 tents that cost $19 each. During the mont Fatigues Surplus made the following purchases at cost: Oct 4 19 25 99 tents @ $20 = $1,980 155 tents @ $21 - 3,410 48 tents @ $23 = 1,104 Fatigues Surplus sold 334 tents, and at October 31 the ending inventory consisted of 46 tents. TH sale price of each tent was $52. Requirements 1. Determine the cost of goods sold and ending inventory amounts for October under the av- erage cost, FIFO cost, and LIFO cost. Round average cost per unit to four decimal places, and round all other amounts to the nearest dollar. Note: Ignore the sale price of each tent was $52 + B Row: 1 Column: 1 Words: 213 [x] Spell Check w O Mail - ASGERALI Y... V. Chapter 6 CW with

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