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Please answer the exercises BE8-6 and BE8-7 BE8-5 Amsterdam Company uses a periodic inventory system. For April, when the company sold 6007 units, the following
Please answer the exercises BE8-6 and BE8-7
BE8-5 Amsterdam Company uses a periodic inventory system. For April, when the company sold 6007 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 250 $10 $ 2,500 April 15 purchase 400 12 4,800 April 23 purchase 350 13 4,550 1,000 $11,850 Compute the April 30 inventory and the April cost of goods sold using the average cost method. BE8-6 Data for Amsterdam Company are presented in BE8-5. Compute the April 30 inventory and the April cost of goods sold using the FIFO method. 5 BES-7 Data for Amsterdam Company are presented in BE8-5. Compute the April 30 inventory and the April cost of goods sold using the LIFO methodStep by Step Solution
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