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i need the fifo ,lifo and wa also i need the journal entrys periodic SHOE INVENTORY PRACTICE PROBLEM FIFO & LIFO & WA 1. Beginning
i need the fifo ,lifo and wa
also i need the journal entrys
periodic
SHOE INVENTORY PRACTICE PROBLEM FIFO & LIFO & WA 1. Beginning Inventory 1,500 Pairs $20 each 2. Purchase 1,000 pairs $25 each 3. Cash Sale 900 pairs S50 each 4. Sale on Account 1,200 pairs @ $50 each 5. Purchase 2.000 @ $15 each 6. Sale on Account 800 pairs @ $50 each 7. Purchase 1,200 pairs $20 each 8. Purchase 1,600 pairs $30 each 9. Cash Sale 2,000 pairs @ $50 10. Sale on Account 1,800 pairs $50 11. Purchase 2,500 pairs @ 20 each 12. Purchase 900 pairs @ $25 each 13. Sale on Account 1,500 pairs @ $50 each 14. Cash Sale 2,000 pairs @ $50 GROSS PROFIT LIFO WA FIFO Sales Less Cogs Gross Profit Explain the reason why the gross profit for WA is located between the FIFO and LIFO gross profits. 65 Page Step by Step Solution
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