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QUESTION 3 9 points Save Answer Van Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 60 units that
QUESTION 3 9 points Save Answer Van Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 60 units that cost 130 per unit. During the current month, the company purchased 360 units at $10 each. Sales during the month totaled 370 units for $61 each. What is the cost of goods sold using the LIFO method? TT T Arial 3 (12pt) TEE.. Pathp Words: QUESTION 4 10 points Save Answer Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 20% on selling price is considered normal for each product. Specific data with respect to each product follows: Product #1 Product #2 Historical cost $30.00 $ 15.00 Replacement cost 32.0D 4D.DO Estimated cost to dispose 15.00 23.00 Estimated selling price 50.00 75.00 In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Oslo use for products #1 and 2, respectively? TTT Arial 3 (12pt) T.E.E.. Click Save and submit to save and submit. Click Save All Answers to save all answers Save All Answers Save and submit
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