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Show work please. Copy a merchandise company, has transactions for item X in the month of June: Purchases Sales June 1 (balance) 300 @ $6.00
Show work please.
Copy a merchandise company, has transactions for item X in the month of June: Purchases Sales June 1 (balance) 300 @ $6.00 June 2 250 @ $10.00 3 750 @ 6.08 6 650 @ 10.00 5 400 @ 6.40 9 300 @ 11.00 15 600 @ 6.50 23 600 @ 11.00 22 350 @ 6.60 28 450 @ 12.00 30 250 @ 6.79 2.250 2.650 REQUIRED: Compute the amounts for the following items and place your answers in the appropriate place below. Show and label your work clearly. ANSWERS ITEMS Assuming that perpetual inventory records are kept, the ending inventory on a LIFO basis is Assuming that periodic inventory records are kept, the COGS on a LIFO basis is Assuming that perpetual inventory records are kept, the ending inventory on a FIFO basis is Assuming that perpetual inventory records are kept, the COGS (dollar value) for June 6 sales of 650 units on an Average Cost basisStep by Step Solution
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