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If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as
If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost?
Problem 8B-4 (Part Level Submission) Coronado Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand 420 $7.30 April 5 620 720 7.45 12 520 620 7.74 27 1,440 11 520 7.81 18 28 150 26 920 8.18 30 520 8.47 (al) (a2) (b) Your answer is partially correct. Try again. If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost? to 4 decimal places, e.g. 2.7621 and final answers to o decimal places, e.g. 6,548.) FIFO LIFO Average-cost Ending Inventory 8249 7313 7776Step by Step Solution
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