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Exercise 6-16 a-c Coronado Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $460 each.
Exercise 6-16 a-c Coronado Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $460 each. On January 10, Coronado purchased 6 units at $600 each. The company sold 2 units on January 8 and 5 units on January 15. Your answer is correct. Compute the ending inventory under FIFO. (Round answer to 0 decimal places, e.g. 1,250.) FIFO The ending inventory 1200 LINK TO TEXT Your answer is correct. Compute the ending inventory under LIFO. (Round answer to 0 decimal places, e.g. 1,250.) LIFO The ending inventory 1060 Your answer is correct. Compute the ending inventory under LIFO. (Round answer to o decimal places, e.g. 1,250.) LIFO The ending inventory 1060 LINK TO TEXT x Your answer is incorrect. Try again. Compute the ending inventory under moving average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.) MOVING-AVERAGE COST The ending inventory 24901 $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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