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Sales in Units Units Unit Cost $ 3.00 Total Cost $ 117,000 39,000 Transaction Beginning inventory 1/1 Purchases February 8 March 15 April 10 Subtotal
Sales in Units Units Unit Cost $ 3.00 Total Cost $ 117,000 39,000 Transaction Beginning inventory 1/1 Purchases February 8 March 15 April 10 Subtotal Units Sold - April 22 at $9 May 9 51,000 95,000 68,000 4.10 204,000 389,500 285,600 4.20 253,000 996, 100 159,000 80,000 33,000 384,000 161,700 4.90 366,000 $ 1,541,800 116,000 June 19 Subtotal Units Sold - August 11 at $13 September 20 October 30 November 17 Subtotal Units Sold - December 21 at $17 Total available for sale Total units sold 19,000 43,000 9,000 437,000 5.10 5.20 5.60 96,900 223,600 50,400 1,912,700 $ 24,000 437,000 (299,000) 138,000 Ending inventory Instructor-created question Taken from a company's records is the following: Click the icon to view the information.) Complete the following assuming a perpetual inventory system: If the company uses the FIFO inventory costing method, the cost of ending inventory is $ . If the company uses the LIFO inventory costing method, cost of goods sold for the year is $ Enter your answer in the edit fields and then click Check Answer All parts showing
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