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Homework: Homework - Chapter 06 Save Score: 0.67 of 2 pts 4 of 4 (4 complete) HW Score: 83.33%, 6.67 of 8 pts Question Help
Homework: Homework - Chapter 06 Save Score: 0.67 of 2 pts 4 of 4 (4 complete) HW Score: 83.33%, 6.67 of 8 pts Question Help E6-19A (similar to) Sully Company's inventory records for the most recent year contain the following data: : (Click the icon to view the data.) Sully Company sold a total of 18,600 units during the year. Read the requirements Requirement 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. (Round the average cost per unit to the nearest cent.) Average-cost method cost of goods sold - $ 176.700 Average-cost method ending inventory = $ 51,300 Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. FIFO method cost of goods sold = Data Table FIFO method ending inventory = Unit Cost Quantity 6,000 $ 8.00 Beginning inventory Purchases during year 18,000 $ 10.00 Print Done Enter any number in the edit fields and then click Check Answer. 1 part remaining Clear All Check
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