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Project 108: Evaluating inventories basedon FIFO, UFO, and Averag Akirs Company had the following transactions for the month Number of Units Beginning inventory 150 Cost
Project 108: Evaluating inventories basedon FIFO, UFO, and Averag Akirs Company had the following transactions for the month Number of Units Beginning inventory 150 Cost per Unit 330 Purchased Mar 31 160 12 Purchased Oct. 15 130 15 Ending inventory 50 Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating Provide your c A first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG) A. Ending Inventory - FIFO Q Search Units Cost 50 5750 A. Ending Inventory -FIFO B. Ending Inventory-LIFO Sales COBS (GAFS-Ending inventory) -Gross margin C. Ending Inventory- AVG Sales COBS (GAFS-Ending inventory) -Gross margin Sales COBS (GAFS-Ending inventory) -Gross margin Units Cost 50 5750 $9,750 Units Cost 50 $500 59,750 Units Cost 50 5610 59,750 ware
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