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Problem 6-9B (Part Level Submission) ConcordCo. Ltd. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following
Problem 6-9B (Part Level Submission) ConcordCo. Ltd. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Units Unit Cost 170 HK$115 Sales Units 102 Date July 1 July 6 July 11 July 14 July 21 July 27 238 HK$131 204 272 HK$142 204 (a) Determine the ending inventory under a perpetual inventory system using (1) FIFO and (2) moving average cost. (Round average unit cost to 3 decimal places, e.g. 25.167 answers to 0 decimal places, e.g. 2,150.) FIFO MOVING-AVERAGE The ending inventory under a perpetual inventory system HK$! HK$ LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER % Earn Maximum Points available only if you answer this question correctly in your first attempt
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