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please help! Che 6 Part 3 of 3 Required information [The following information applies to the questions displayed below.) The following information pertains to the
please help!
Che 6 Part 3 of 3 Required information [The following information applies to the questions displayed below.) The following information pertains to the inventory of Parvin Company for Year 3 125 points Jan 1 Apr. 1 Oct. 1 Beginning inventory Purchased Purchased shipped 400 units $18 2,300 units 523 1,100 units $24 Box During Year 3. Parvin sold 3.655 units of inventory at $45 per unit and incurred $18.100 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $155,300 inventory of $7.200. common stock of $138,000, and retained earnings of $24.500, Dring Bence c. Determine the cash flow from operating activities under FIFO and UFO (Round intermediate calculations and final answers to the nearest whole dollar amount Cash outflows should be indicated with minus sign.) FIFO LIPO Not cath flow from aperiting activities Step by Step Solution
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