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I found the FIFO, can you please help me find the LIFO and help me fill out the Inventory Answer Sheet table at the bottom?
I found the FIFO, can you please help me find the LIFO and help me fill out the Inventory Answer Sheet table at the bottom? Problem 4 18 points) The following information is available for XYZ Company for the month of February. XYZ uses a periodic inventory system. Total Cost $50 $210 $90 10 units at $5 per unit Beginning inventory Purchase 1 Purchase2 0 units at $7 per unit 10 units at $9 per unit Available for Sale 50 units Sales for the month were 35 units at $40 each. Compute Ending Inventory (in dollars) and Cost of Goods Sold (in dollars) and Gross Profit (in dollars) for the month using the following methods. Summarize your answers on the Inventory Answer Sheet on the next page. YOU MUST SHOW YOUR WORK Last-In Fiust-ovt CLIFo) Inventory Answer Sheet Ending Inventory Cost of Goods Sold Gross Profit in dollars) in dollars)(in dollars) Weighted Average FIFO LIFO
I found the FIFO, can you please help me find the LIFO and help me fill out the Inventory Answer Sheet table at the bottom?
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