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Short questions please answer all, will give five stars. Inventory information for Part 311 of Bramble Corp. discloses the following information for the month of
Short questions please answer all, will give five stars.
Inventory information for Part 311 of Bramble Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 303 units @ $14 798 units @ $17 497 units @ $18 June 10 15 27 Sold Sold Sold 201 units @ $34 498 units @ $35 299 units @ $38 (a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) LIFO (2) FIFO Cost of Goods Sold $ $ Ending Inventory $ $ Splish Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units 310 April 1 inventory April 15 purchase April 23 purchase Unit Cost $34 41 420 270 Total Cost $ 10,540 17,220 11,880 $39,640 44 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $ Ending Inventory (End-of-Year Prices) $ 81,300 237,090 234,720 264,680 318,920 381,640 Price Index 100 210 Date December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 240 260 280 290 Compute the ending inventory for Oriole Company for 2017 through 2022 using the dollar-value LIFO method. Ending Inventory 2017 $ 2018 $ 2019 $ 2020 $ 2021 $ $ 2022 $Step by Step Solution
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