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PRETLA VERSION BACK Problem 8-5 (Part Level Submission) Some of the information found on a detail inventory card for Tamarisk Inc. for the first month
PRETLA VERSION BACK Problem 8-5 (Part Level Submission) Some of the information found on a detail inventory card for Tamarisk Inc. for the first month of operations is as follows. Date January 2 Received Issued, No. of Units Unit Cost No. of Units 1,600 $3.30 1,100 1,000 3.52 900 1,400 3.63 1,100 1,700 1,200 2.000 1,700 Balance, No. of Units 1,600 500 1,500 600 1,300 200 1,900 700 2,700 1,000 (1) Your answer is correct. Calculate average-cost per unit. (Round answer to 2 decimal places, c.9. 2.76.) Average-cost per unit 3.63 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 3 of 3 used LINK TO TEXT LINK TO TOT Attempts: 3 of 3 used ( 2) From these data compute the ending inventory on each of the following bases. Assume that perpetual Inventory records are kept in units only (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO) (3) Average-cost. (Round final answers to decimal places, e.g. 6.548) FIFO Average-cost Ending Inventory Attempts of used SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must be compted in order. This art will be available when you complete the above
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