Question
PLEASEEEE HELP Transactions for the month of June were: Purchases Sales June 1 (balance) 1,200 @ $3.20 June 2 800 @ $5.50 3 3,300 @
PLEASEEEE HELP
Transactions for the month of June were:
Purchases Sales
June 1 (balance) 1,200 @ $3.20 June 2 800 @ $5.50
3 3,300 @ 3.10 6 2,300 @ 5.50
7 1,800 @ 3.30 9 1,400 @ 5.50
15 2,700 @ 3.40 10 600 @ 6.00
22 750 @ 3.50 18 2,100 @ 6.00
25 200 @ 6.00
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Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is
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Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is
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Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is
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Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the nearest dollar, is
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