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Problem 8 - 7 ( Algo ) Various inventory costing methods [ LO 8 - 1 , 8 - 4 ] [ The following information
Problem Algo Various inventory costing methods LO The following information applies to the questions displayed below. Auto Dealers Incorporated sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of Auto Dealers had three cars in inventory, as follows: tableCar IDCost$ When calculating the ending inventory and cost of goods sold assuming LIFO and a periodic inventory system, i got $ as my ending inventory, and $ as my cost of goods sold. BOTH WERE INCORRECT. Please help me solve for those two correctly. Will upvote if all parts are correct.
Problem Algo Various inventory costing methods LO
The following information applies to the questions displayed below.
Auto Dealers Incorporated sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of Auto Dealers had three cars in inventory, as follows:
tableCar IDCost$
When calculating the ending inventory and cost of goods sold assuming LIFO and a periodic inventory system, i got $ as my ending inventory, and $ as my cost of goods sold. BOTH WERE INCORRECT. Please help me solve for those two correctly. Will upvote if all parts are correct.
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