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    "question_id": "4239764",
    "url": "\/study-help\/questions\/harlow-ltd-uses-the-periodic-inventory-method-and-had-the-4239764",
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    "meta_title": "[Solved] Harlow Ltd uses the periodic inventory me | SolutionInn",
    "meta_description": "Answer of - Harlow Ltd uses the periodic inventory method and had the following inventory information available: Units Unit cost T | SolutionInn",
    "meta_keywords": "harlow,ltd,periodic,inventory,method,information,units,unit,cost,total,1,januarybeginning",
    "question_title_h1": "Harlow Ltd uses the periodic inventory method and had the following inventory information available: Units Unit cost Total cost 1 JanuaryBeginning inventory15$4.00$60 20 JuanuaryPurchase60$4.40264 25",
    "question_title": "Harlow Ltd uses the periodic inventory method and had the following inventory",
    "question_title_for_js_snippet": "Harlow Ltd uses the periodic inventory method and had the following inventory information available  Units Unit cost Total cost 1 JanuaryBeginning inventory15$4 00$60 20 JuanuaryPurchase60$4 40264 25 JulyPurchase30$4 20126 20 OctoberPurchase 45 $4 80 216 150 $666 A physical count of inventory on 31 December revealed that there were 50 units on hand  Instructions Answer the following independent questions and show computations supporting your answers  Assume that the company uses the FIFO method  The value of the ending inventory at 31 December is $            Assume that the company uses the average cost method  The value of the ending inventory on 31 December is $            Assume that the company uses the LIFO method  The value of the ending inventory on 31 December is $            Assume that the company uses the FIFO method  The value of the cost of sales at 31 December is $           ",
    "question_description": "<p>Harlow Ltd uses the periodic inventory method and had the following inventory information available:<\/p> <p><u>Units<\/u><u>Unit cost<\/u><u>Total cost<\/u><\/p> <p>1 JanuaryBeginning inventory15$4.00$60<\/p> <p>20 JuanuaryPurchase60$4.40264<\/p> <p>25 JulyPurchase30$4.20126<\/p> <p>20 OctoberPurchase<u>45<\/u>$4.80<u>216<\/u><\/p> <p><u>150<\/u><u>$666<\/u><\/p> <p><\/p> <p>A physical count of inventory on 31 December revealed that there were 50 units on hand.<\/p> <p><\/p> <p>Instructions<\/p> <p><\/p> <p>Answer the following independent questions and show computations supporting your answers.<\/p> <ol> <li>Assume that the company uses the FIFO method. The value of the ending inventory at 31 December is $__________.<\/li> <li>Assume that the company uses the average cost method. The value of the ending inventory on 31 December is $__________.<\/li> <li>Assume that the company uses the LIFO method. The value of the ending inventory on 31 December is $__________.<\/li> <li>Assume that the company uses the FIFO method. The value of the cost of sales at 31 December is $__________.<\/li> <\/ol>",
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    "related_book": {
        "title": "Income Tax Fundamentals 2013",
        "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516",
        "edition": "31st Edition",
        "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg",
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        "name": "The Art Of Pain Resolution A Practical Guide To Overcoming Chronic Pain Without Drugs And Living A Happy And Pain Free Life",
        "edition": "1st Edition"
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    "question_posted": "2024-06-28 04:38:02",
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