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Return to Blackboard Kimmel, Financial Accounting, 8e Help I System Announcements 08:21 PM / Remaining: 55 min. CALCULATOR PRINTER VERSION BACK NEXT Question 1 Sarasota

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Return to Blackboard Kimmel, Financial Accounting, 8e Help I System Announcements 08:21 PM / Remaining: 55 min. CALCULATOR PRINTER VERSION BACK NEXT Question 1 Sarasota Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 71 units were sold. Date Explanation Units Unit Cost Total Cost May 1 15 24 Inventory Purchase Purchase Total 30 27 39 96 $9 $270 270 429 $969 10 dy Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 Question Attempts: O of 1 used SAVE FOR LATER SUBMIT ANSWER 7

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