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(Note: I will also have to compute LIFO and prepare and income statement. Please help me with those portions as well.) SWAT Team Surplus began
(Note: I will also have to compute LIFO and prepare and income statement. Please help me with those portions as well.) SWAT Team Surplus began May 2021 with 80 stoves that cost 515 cach During the month the company made the following purchases at cost Clicthe icon to view the purchases) The company sold 280 stoves, and at May 31. the ending inventory consisted of Yo stoves. The sales price of each stove was $56. Read the reducements Ha Requirement 1. Determine the cost of goods sold ind ending inventory amounts for May under the average cost, FIFO, and LIFO Cossing methods. Round the average cost per unit to two decimal places and round all the amounts to the nearest do Number of units Average cost Cost of goods sold 2005 6.160 Ending inventory 705 2.540 FO Calculator Print Clear All Check Answer Next Previous Data Table May 6 100 stoves @ $20 11 $ 2,000 May 18 120 stoves @ $25 = 11 3,000 May 26 50 stoves @ $30 = 11 1,500
(Note: I will also have to compute LIFO and prepare and income statement. Please help me with those portions as well.)
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