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Solve complete question to get full rating Unit Cost $6.9 $7.2 In January 2020, Coppola Corp. had the following transactions. Date Events Units January 1
Solve complete question to get full rating
Unit Cost $6.9 $7.2 In January 2020, Coppola Corp. had the following transactions. Date Events Units January 1 Beginning Balance for Inventory 3,000 January 3 Purchase 6,000 January 5 Credit Sales at $15 per unit 4,000 January 13 Purchase 5,000 January 20 Credit Sales at $15 per unit 9,000 January 22 Purchase 11,000 January 28 Credit Sales at $20 per unit 9,000 January 30 Purchase 6,000 $7.5 $7.66 $7.80 Required 1. Show the dollar amounts of ending inventory and COGS for January 2020 by using the following methods. Remember to show your process. A. FIFO-Periodic Method B. LIFO-Periodic Method C. Weighted-Average Method (Round the average cost to two decimal places) D. FIFO-Perpetual Method E. LIFO-Perpetual Method F. Moving-Average Method (Round the average cost to two decimal places) 2. Show the journal entries on January 28, if the following methods were used. A. FIFO-Periodic Method B. LIFO-Periodic Method C. Weighted-Average Method (Round the average cost to two decimal places) D. FIFO-Perpetual Method E. LIFO-Perpetual Method F. Moving-Average Method (Round the average cost to two decimal places)Step by Step Solution
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