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Question 3 of 5 0/12 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Ivanhoe Enterprises uses a periodic inventory
Question 3 of 5 0/12 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Ivanhoe Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 74 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases April 7 64 units at $7.00 13 128 units at $ 8.00 23 98 units at $ 9.00 29 49 units at $ 10.00 339 Sales April 5 128 units at $20 11 98 units at $ 20 20 88 units at $20 30 44 units at $20 358 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost. (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 1,525.) (a) Average-cost - Ending Inventory $ 323 Cost of Goods Sold $ 2864 (b) FIFO - Ending Inventory $ Cost of Goods Sold $ (c) LIFO - Ending Inventory $ Cost of Goods Sold $
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