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Thank you in advance. Please help with the last question: Determine the ending inventory and the cost of goods sold under each of the assumed
Thank you in advance.
Please help with the last question:
Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 150.)
Bonita Industries had a beginning inventory of 100 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 640 units at $10 Aug. 12 460 units at $12 May 5 500 units at $11 Dec. 8 100 units at $13 Bonita uses a periodic inventory system. Sales totaled 1,530 units. (a) Your answer is correct. Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 19620 Calculate Average Cost. (Round answer to 3 decimal places, eg. 5.125.) Average Cost $ 10.90 eTextbook and Media List of Accounts Your answer is incorrect. Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to O decimal places, eg. 150.) FIFO LIFO AVERAGE-COST The ending inventory $ ta $ The cost of goods sold ta $ eTextbook and Media List of AccountsStep by Step Solution
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