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Question 9 2 points ABC Corporation begins the month of April with inverfory valued at 8.000. Inventory at April 30 is 57.500. Purchases during the
Question 9 2 points ABC Corporation begins the month of April with inverfory valued at 8.000. Inventory at April 30 is 57.500. Purchases during the month totaled $57,000. What is the company's cost of goods sold (bus) for the month of April? a. 556,500 b. $49.500 c. 557.000 d. 557.500 6 points Start Match the term on the left to the appropriate description on the right. Cost of goods available for sale (COGAS) LIFO reserve Lower-of-cost-or-market Days sales in inventory LIFO (last-in. first out) Periodic Inventory A. The amount you would add to inventory measured under LIFO to estimate the inventory s value under FIFO B. An inventory cost flow assumption CA method for calculating COGS from COGAS D. A measure for evaluating a company's inventory management. E. Beginning inventory+ Purchases F. A valuation rule applied to ending inventory
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