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I'm really struggling to understand the math for this question. Shown work would be tremendous! Lily Inc is a retailer operating in British Columbia: Lily
I'm really struggling to understand the math for this question. Shown work would be tremendous!
Lily Inc is a retailer operating in British Columbia: Lily uses the perpetuat inventory system. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged Assume that there are no credit transactions, all amounts are settled in cash. You are provided with the following information for Lly inc for themonth of January 2022 Calculate the Moving average cost per unit at January 1,5,8,10,15,16,20,6.25. Round moving weritur cost per unit dnswers to 3 decimal places eg.5.251. For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory and gross profit. (1) LIFO (2) FIFO. (3) Moving-average cost. (Round overage cost per unit to 3 decimdl ploces, es 12502 and final answer to 0 decimdil plees, s. 1,250 ) Step by Step Solution
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