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Mango/Papaya Corp. had the following information related to their June, 2020 Inventory: Transaction Type # Units Date Price 140 $31.00 6/1/20 Beginning Balance 260 $33.00
Mango/Papaya Corp. had the following information related to their June, 2020 Inventory: Transaction Type # Units Date Price 140 $31.00 6/1/20 Beginning Balance 260 $33.00 6/18/20 Purchase 270 $37.00 6/23/20 Purchase Mango/Papaya Corp. sold 430 units of inventory at a price of $56 per unit in June. Requirement 1: Provide the ending inventory in units and cost and Cost of Goods Sold for June 2020 using the FIFO (First-in-First-Out) Periodic Accounting method Requirement 2: Provide the ending inventory in units and cost and Cost of Goods Sold for June 2020 using the LIFO (Last-in-First-Out) Periodic Accounting method 6/18/20 Purchase 260 $33.00 6/23/20 Purchase 270 $37.00 Mango/Papaya Corp. sold 430 units of inventory at a price of $56 per unit in Ju Requirement 1: Provide the ending inventory in units and cost and Cost of Goo Sold for June 2020 using the FIFO (First-in-First-Out) Periodic Accounting met Requirement 2: Provide the ending inventory in units and cost and Cost of Goo Sold for June 2020 using the LIFO (Last-in-First-Out) Periodic Accounting meth Requirement 3: Provide the Gross Profit for Mango/Papaya Corp. for June assu LIFO inventory costing HEN o
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