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same question couldnt fill it all in the same picture. please dont count it as a different question. Inventory Costing Methods-Periodic Method The following information
same question couldnt fill it all in the same picture. please dont count it as a different question.
Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product: Units Unit Cost $30 Feb. 11 500 $34 May 18 400 36 40 Beginning Inventory 200 Purchases: Oct. 23 100 At December 31, 2012, there was an ending inventory of 360 units. Assume the use of the periodic inventory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost method. Do not round until your final answers. Round your answers to the nearest dollar. A. First-in, First-out Ending Inventory Cost of goods sold B. Last-in, first-outStep by Step Solution
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