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Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each

Scrappers Supplies tracks the number of units purchased and sold
throughout each accounting period but applies its inventory costing
method at the end of each period, as if it uses a periodic
inventory system. Assume its accounting records provided the
following information at the end of the annual accounting period,
December 31. Transactions Units Unit Cost Beginning inventory,
January 1190 $ 33 Transactions during the year: a. Purchase on
account, March 229535 b. Cash sale, April 1($49 each)(340) c.
Purchase on account, June 3024039 d. Cash sale, August 1($49
each)(95)Compute the cost of goods available for sale, cost of ending
inventory, and cost of goods sold at December 31 under each of the
following inventory costing methods: Last in-First Out, weighted
average cost, first in-first our, specific identification
Scrappers Supplies tracks the number of units purchased and sold throughout each accounting perlod but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following Information at the end of the annual accounting perlod, December 31.
Transactions
Beginning inventory, January 1
Transactions during the year:
a. Purchase on account, March 2
b. Cash sale, April 1( $42 each)
c. Purchase on account, June 30
d. Cash sale, August 1( $42 each)
\table[[Units,Unit Cost],[230,$2
Required
1A,B,C, D
2A,B
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