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Please show clear steps with an answer for a good rating, thank you! P.S. Please answer ALL parts of the question: a,b, and the bonus.
Please show clear steps with an answer for a good rating, thank you!
9. Compute the value of the ending inventory. Costs increase 2% every quarter over the beginning cost. 7000 units are sold during the year. Fill in the blanks. a) (2 pts) FIFO Quantity Cost Beginning Inventory 2000 units $200,000 2000 units $204,000 2000 units $208,000 2000 units $212,000 1000 units $108,000 9,000 units $932,000 Totals COGS Ending Inventory b) (2 pts) LIFO Quantity Cost Beginning Inventory 2000 units $200,000 10 2000 units $204,000 2000 units $208,000 2000 units $212,000 1000 units $108,000 Totals 9000 units $932,000 COGS Ending Inventory Bonus (1 pt) What is the Balance Sheet Equation P.S.
Please answer ALL parts of the question: a,b, and the bonus. Thank you again!
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