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Phillip Malone Associates provided the following information regarding its inventory for the current year, its second year of operations. (Click the icon to view the
Phillip Malone Associates provided the following information regarding its inventory for the current year, its second year of operations. (Click the icon to view the information.) Compute Philip Malone's ending inventory and cost of goods sold under each of the following cost-flow methods assuming the company uses a perpetual inventory system (round your answer for cost per unit to two decimal places a. Moving Average b. FIFO C. LIFO. a. Compute Phillip Malone's ending inventory and cost of goods sold under the moving-average cost flow method assuming the company uses a perpetual inventory system. Begin by entering Philip Malone's purchase and sale transactions in chronological order one line at a time, calculating anew moving-average cost per unit after every transaction. (Use a minus sign or parentheses for units sold or for a reduction in cost. Round your answer for cost per unit to the nearest cent)
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