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Please answer question number 11, showing all work accordingly. Thank you! Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a
Please answer question number 11, showing all work accordingly. Thank you!
Cullumber Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 73 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases April 7 63 units at $7.00 13 126 units at $8.00 23 96 units at $9.00 units at $10.00 29 48 333 Sales April 5 126 units at $20 11 96 units at $20 units at $20 20 86 30 43 units at $20 351 Compute the April 30 ending inventory and April cost of goods sold under () average cost, (b) FIFO, and (@LIFO. (Round cost per unit to 2 decimal places, eg. 15.25 and final answer to decimal places, eg, 1,525.) (a) Average-cost-Ending Inventory $ Cost of Goods Sold (b) S S FIFO - Ending Inventory Cost of Goods Sold (c) LIFO- Ending Inventory Cost of Goods Sold Step by Step Solution
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