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Luxury Iron Company began October with 53 units of iron inventory that cos$39 each. During October the company completed the following inventory transactions: Requirement Prepare
Luxury Iron Company began October with 53 units of iron inventory that cos$39 each. During October the company completed the following inventory transactions: Requirement Prepare a perpetual inventory record using the FIFO method. (Enter the oldest inventory layers first.) Requirement 2.Prepare 3 perpetual inventory record using the LIFO method. (Enter the oldest inventory layers first.) Requirement 3.Prepare a perpetual inventory record using the average-cost method. (Round average cost per unit to the nearest cent are all other amounts to the nearest dollar.) Requirement 4.Determine the company's cost of goods sold for October using FIFO, LIFO, and average cost. The cost of goods sold amount for October using FIFO is. The cost of goods sold amount for October using UFO is $. The cost of goods sold amount for October using average cos: is S
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