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Problem 6-3A Sekhon Company had a beginning inventory on January 1 of 200 units of Product 4-18-15 at a cost of $20 per unit. During

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Problem 6-3A Sekhon Company had a beginning inventory on January 1 of 200 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 500 units at $21 Sept. 4 413 units at $27 uly 20 313 unis at $22 Dc. 2 125 units at $31 1,250 units were sold. Sekhon Company uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale LINK TO TEXT Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit LINK TO TEXT Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold $ LINK TO TEXT Which cost flow method results in (1) the highest inventory amount for the balance sheet, and (2) the highest cost of goods sold for the income statement? results in the highest inventory amount, produces the highest cost of goods sold

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