Question
Novak Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $650 each. On January
Novak Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $650 each. On January 10, Novak purchased 6 units at $690 each. The company sold 2 units on January 8 and 4 units on January 15 Compute the ending inventory under FIFO. FIFO The ending inventory $ eTextbook and Media Compute the ending inventory under LIFO The ending inventory eTextbook and Media LIFO $ Compute the ending inventory under moving-average cost. (Round average cost per unit to 3 decimal places, eg 12.521 and final answer to 0 decimal places, eg 1,250 MOVING AVERAGE COST The ending inventory
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