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Testbank Exercise 154 Sandhill Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item
Testbank Exercise 154 Sandhill Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.50 $4.8 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance - 440 1,330 1,770 - 340 1,430 - 610 820 620 - 1,440 $5.2 Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. Ending inventory Compute the cost of goods sold for the first six months under the periodic FIFO inventory pricing method. Cost of goods sold sl Question Attempts: 0 of 1 used
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