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Question 1 of 1 - 100 Tii View Policies Current Attempt in Progress Sandhill Company uses the periodic inventory method and had the following inventory
Question 1 of 1 - 100 Tii View Policies Current Attempt in Progress Sandhill Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost Total Cost Beginning inventory 120 $4 5480 1/20 Purchase 480 $5 2.400 7/25 Purchase 240 56 1440 20:20 Purchase 360 $ 2.520 1.200 $6,840 physical count of inventory on December 31 revealed that there were 580 units anhand Answer the following independent Questions. Round average per unit cost to 2 decimal places. 1525 and other answers to demol places 1.525) 1/100 E A physical count of inventory on December 31 revealed that there were 580 units on hand, Answer the following independent questions, (Round average per unit cost to 2 decimal places, s. 15.25 and other answers to decimal places. c.8. 1.525) Assume that the company uses the FIFO method. The value of the ending inventory at December 31 Assume that the company uses the average-Cost method. The value of the ending Inventory on December 31 Assume that the company uses the LIFO method. The value of the ending inventory on December 31 Determine the difference in the amount of income that the company wouldve reported that the FIFO method instead of Would income have been greater or less! Textbook and Media AM Question 1 of 1 -100 A physical count of inventory on December 31 revealed that there were 580 units on hand. Answer the following independent questions. (Round average per unit cost to 2 decimal places 1525 and other answers to decimal places, e.3.1.525) he value of the ending inventory at December 31 $ sethod. The value of the ending inventory on December 3111 $ 5 1 he value of the ending inventory on December 31 that the company would have reported ifit had used the FIFO method instead of the LIFO methed, e Textbook and Media
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