Question
Show computatios for Cost of goods sold under FIFO Method, LIFO Method and Averavge Cost Method. Cookie co. uses the periodic They the Wdh begirming
Show computatios for Cost of goods sold under FIFO Method, LIFO Method and Averavge Cost Method.
Cookie co. uses the periodic They the Wdh begirming inventory Of 130 units which had a unit cost Of SS. was also available for the year ended December 31.2021: m--My 2S-JuI 21-se Saks Saks The Of each was b. c. and show catlA'tatims *Oportjng Assume that he uses the FIFO method. CaWate the cost of g@ds sold and the of ttw ending *wentory at Decernber 31.2021. Assume that me cunWty uses me average cost rnethod. the cost of sdd and the value of the hventuy at 31.2021. page 3 Assune tlat he '-ses the LFO Catulate cost of gmds sow and the vakJe of the ending mentory at December 31.2021. an statement throu# Gross profit each thr (3) costing methods. State is tax
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