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Tamarisk. Bed and Bath had a beginning imentary of 410 units of Product Kimbo at a cost of 56 per unit. During the year, purchases
Tamarisk. Bed and Bath had a beginning imentary of 410 units of Product Kimbo at a cost of 56 per unit. During the year, purchases were: Tamarisk Company uses a periodic inventory system. 5 alles totaled 1.400 unte. (a) Your answer is correct. Determine the cost of goods ayailable for ale. The cost of goods available for sale E Attempts: 1 of 3 used (b) Your answer is correct. Deternine (1) the ending inventary and (2) the cost of goods sold under the two msemed cost fow isethods ififo and aneragecost). (Round averoge unit cost to 2 decimal places, es. 25.16 and find antwers to 0 decind plock, eg. 2,120) Attempts: 1 of 3 used (c) Which cost flow method results in (1) the lower invertory amount for the vatement of firancial position, and (2i) the lower cost of goods sold for the incoene statement? (1) results in the lower inventory arnount for the utateent of firuncial positiont, C (2) results in the lower cost of goods soild
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