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Required Information

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A company began January with $6,000$ units of its principal product. The cost of each unit is $$8.$ Inventory

transactions for the month of January are as follows:

Includes purchase price and cost of freight.

$8,000$ units were on hand at the end of the month.

$1.$ calculate January is ending inventory and costs of good sold for the month using FIFO, periodic system

$2.$ Calculate January ending inventory and costs of good soul for the month using LIFO, periodic system

$3.$ Calculate January ending in inventory and costs of good sold for the month using FIFO, perpetual system

$4.$ Calculate January's ending inventory and cost of good sold for the month using average cost, periodic system

$5.$ Calculate January ending inventory and cost of good sold for the month using average cost, perpetual system