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Part 1 of 1 Neyman Inc. has the following data for purchases and sales of inventory: Date Units Cost per Unit Total Cost 35 $300

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Part 1 of 1 Neyman Inc. has the following data for purchases and sales of inventory: Date Units Cost per Unit Total Cost 35 $300 $10.500 Beginning inventory 130 $250 Purchase 1. Feb. 24 $32,500 0 Sale 1 145 Purchase 2, July 2 295 $225 $66,375 Sale 2 230 All sales were made at a sales price of $450 per unit. Assume that Neyman uses a perpetual inventory system. Compute the cost of goods sold and the cost of ending inventory using the FIFO method. Calculations Answer Cost of Sale 1 Cost of Sale 2 Total COGS Ending Inventory Question 2 of 4 2 Points Compute the cost of goods sold and the cost of ending inventory using the LIFO method. Calculations Answer Cost of Sale 1 Cost of Sale 2 Total COGS Ending Inventory Compute the cost of goods sold using the average cost method Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar. Calculations Answer Cost of Sale 1 Cost of Sale 2 Total COGS le net Time Remaining:00:17:03 A Hide Time Remaining A Question 4 of 4 1 Points (Extra Credit) Compute the cost of ending inventory using the average cost method. Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar. Calculations Answer Ending Inventory Save Submit for Grading MacBook 80 F3 DOO Ooo F4 F2 sto F6 DHL FB F6 F7 . % & 1

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