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Question 4 20 pts Benji Company uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price

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Question 4 20 pts Benji Company uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 66 $ 10 July 28 38 16 On June 1, Benji sold 33 units, and on August 27, 38 more units. Compute the cost of goods sold using (a) FIFO, (b) LIFO, and (c) weighted-average. (Round average cost per unit to 3 decimal places, e.g. 1.246.) When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Cost of Goods Sold FIFO $ LIFO $ ta Weighted-Average $ D Question 5 20 pts Rivera Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $ 565 each. On January 10, Riverbed purchased 7 units at $ 755 each. The company sold 2 units on January 8 and 4 units on January 15. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign Compute the ending inventory under FIFO. FIFO The Ending Inventory $ Compute the ending inventory under LIFO. LIFO The Ending Inventory $ Compute the ending inventory under weighted average cost. (Round weighted-average per unit to 3 decimal places, e.g. 12.521 and final answer to O decimal places, eg. 1,250.) Weighted Average Cost The Ending Inventory $

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