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find the ending inventory values. Courthey Company uses a periodic inventory system. The following data were available: beginning inventory, 1,000 units at $35; purchases, 4,000
find the ending inventory values.
Courthey Company uses a periodic inventory system. The following data were available: beginning inventory, 1,000 units at $35; purchases, 4,000 units at $38; operating expenses (excluding income taxes), $91,500; ending inventory per physical count at December 31,900 units; sales price per unit, $75; and average income tax rate, 30%. Required: 1. Complete the income statements and the cost of goods sold calculation under the FIFO, LIFO, and weighted average costing methods Step by Step Solution
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