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In its income statement for the year ended December 31, 2022, Concord Corporation reported the following condensed data. please show how you got the answers
In its income statement for the year ended December 31, 2022, Concord Corporation reported the following condensed data.
please show how you got the answers
Concord Corporation uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 110 $5 $ 550 12 Purchase 350 6 2,100 23 Purchase 190 7 1,330 30 Inventory 193 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory $ Cost of goods sold $ ta $ e Textbook and Media Assistance Used e Textbook Save for Later Attempts: 0 of 3 used Submit Answer Concord Corporation uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 110 $5 $ 550 12 Purchase 350 6 2,100 23 Purchase 190 7 1,330 30 Inventory 193 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory $ Cost of goods sold $ ta $ e Textbook and Media Assistance Used e Textbook Save for Later Attempts: 0 of 3 used SubmitStep by Step Solution
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