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Please solve the following using Periodic FIFO, LIFO and Average Method The beginning inventory of merchandise at Rhodes Co. and data on purchases and sa
Please solve the following using Periodic FIFO, LIFO and Average Method
The beginning inventory of merchandise at Rhodes Co. and data on purchases and sa for a three-month period ending June 30 are as follows: Per Unit Date Apr. 3 8 Number of Units 40 120 60 50 100 11 30 May 8 10 Transaction Inventory Purchase Sale Sale Purchase Sale Sale Purchase Sale Sale Purchase Sale 80 Total $ 26,800 82,800 67,200 56,000 70,000 89,600 33,600 84,840 75,600 50,400 128,160 239,400 19 30 120 60 28 June 5 16 21 28 40 707 1,260 1,260 712 1,260 180 190Step by Step Solution
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