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please include avg cost (periodic, fifo (periodic, lifo (periodic), moving avg (perpetual), fifo (perpetual, lifo (perpetual) PLEASE FOLLOW FORMATTING IN YOUR ANSWER THANK YOU! Undew
please include avg cost (periodic, fifo (periodic, lifo (periodic), moving avg (perpetual), fifo (perpetual, lifo (perpetual) PLEASE FOLLOW FORMATTING IN YOUR ANSWER THANK YOU!
Undew Inc.'s inventory records showed the following data for an item it sells regularly. a. Assuming that Undew maintains a periodic inventory system, compute ending inventory and cost of goods sold for the month ending January 31 using (1) average cost, (2) FIFO, and (3) LIFO. b. Assuming that Undew maintains a perpetual inventory system, compute ending inventory and cost of goods sold for the month ending January 31 using (1) moving average, (2) FIFO, and (3) LIFO. (1) Average cost method (periodic) -Note: Use the result EXACTLY as displayed above in the calculations below. - Note: Do not use negative signs with any of your answers. - Note: Round your final answers to the nearest whole dollarStep by Step Solution
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