Question
Given the following X-Corp.'s financial information regarding their inventory, perform the following tasks by applying appropriate techniques/methods where necessary in D. Keep in mind that
Given the following X-Corp.'s financial information regarding their inventory, perform the following tasks by applying appropriate techniques/methods where necessary in D. Keep in mind that it is absolutely essential for you to figure out even the highlighted areas other than questions, though not directly asked, to correctly perform the task. The answer choices are found at the end of the problem group.
Purchase Q'ty U Cost Amount End Inv Amount CGS
Jan 35 $ 14.00 $ 490.00 WAVG Q3 Q4
Mar 80 $ 13.00 $ 1,040.00 FIFO Q5 Q6
April 60 $ 15.00 $ 900.00 LIFO Q7
Nov 50 $ 17.00 $ 850.00
GAS 88
a. 1,179.00 b. 1,860.00 c. 1,420.00 d. 1,997.16 e. 1,282.84
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