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If it helps for part three the answers are average cost fifo and Lifo Problem 6-3 Bridgeport Distribution markats CDs of numerous performing artists. At
If it helps for part three the answers are average cost fifo and Lifo
Problem 6-3 Bridgeport Distribution markats CDs of numerous performing artists. At tha baginning of March, Bridgeport had in baginning invantory 2,390 CDs with a unit cost of $7. During March, Bridgeport made the following purchasas of CDs. March 5 March 13 3.690 $3 During March 12.280 units were sold. Bridgeport uses a periodic inventory system. March 21 4,650 $10 March 26 2.140 11 2.130 s8 Datarmine the cost of goods available for sale The cost of goods available for sale LIST OF ACCOUNTS Determine 1 ha ending inventory and to 0 decimal places, e.g. 125.) 2) the cost of goods sold under each of the assumed cost flow methods FIFO LFO and average cost for ca cu ation purposes, round average cost to 3 doamalplaces g. 5.275. Round answers FIFO LIFO AVERAGE-COST The ending inventorys The cost of gods sold $ LIST OF ACCOUNTS Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? produces the highest inventory amount. produces the highest cost of goods sold. LIST OF ACCOUNTS VIDEO: SIMILAR PROBLEStep by Step Solution
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