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Need answer Asap.. 10 mins left.. Current Attempt in Progress Bramble Corporation uses the periodic inventory system and had the following inventory information available: A
Need answer Asap.. 10 mins left..
Current Attempt in Progress Bramble Corporation uses the periodic inventory system and had the following inventory information available: A physical inventory count on December 31 showed that there were 53 units on hand. Answer the following independent questions and show calculations supporting your answers: (Round answers to 0 decimal places, eg. 5,275.) (a) Assume that the company uses FIFO. The value of the ending inventory at December 31 is $ (b) Assume that the company uses average cost. The value of the ending inventory on December 31 is \$ (c) Assume that the company uses average cost. The value of cost of goods sold for the year ended December 31 is $ (d) Assume that the company uses FIFO. The value of the cost of goods sold for the year ended December 31 is $Step by Step Solution
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