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Sunland Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 67 units at a cost
Sunland Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 67 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases April 7 57 units at $ 7.00 13 114 units at $ 8.00 23 84 units at $ 9.00 29 47 units at $ 10.00 302 Sales April 5 114 units at $ 20 11 84 units at $ 20 20 74 units at $ 20 30 37 units at $20 309 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 1,525.) (a) Average-cost-Ending Inventory $ Cost of Goods Sold $ (b) FIFO - Ending Inventory $ Cost of Goods Sold $ (c) LIFO - Ending Inventory $ Cost of Goods Sold $
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