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Henry Company reported the following information for 2017: TRANSACTIONS UNITS UNIT COST 6,000 $ 3.00 Beginning Inventory January 1 Purchases April 10 July 20 November
Henry Company reported the following information for 2017: TRANSACTIONS UNITS UNIT COST 6,000 $ 3.00 Beginning Inventory January 1 Purchases April 10 July 20 November 24 9,000 5,000 5,000 3.50 3.80 4.00 During 2017, Henry sold 12,000 units. inventory system. The company uses a periodic REQUIRED: What is the value of ending inventory and cost of goods sold for 2017 under the following assumptions: 1. FIFO 2. LIFO 3. Weighted-Average
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