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That is the whole question The management of Sweet Co. SA asks your help in determining the comparative effects of the FIFO and average-cost inventory
That is the whole question
The management of Sweet Co. SA asks your help in determining the comparative effects of the FIFO and average-cost inventory cost flow methods. For 2017, the accounting records provide the data shown below Inventory, January 1 (14,700 units) Cost of 147,000 units purchased Selling price of 124,950 units sold Operating expenses CHF69,090 782,040 1,102,500 164,300 Units purchased consisted of 51,450 units at CHF5.10 on May 10; 51,450 units at CHF5.30 on August 15; and 44,100 units at CHF5.60 on November 20, Income taxes are 27%. Prepare comparative condensed income statements for 2017 under FIFO and average-cost. (Round per unlt cost to 3 declmal places, e.g. 15.125 and final answers to 0 declmal places, e.g. 125.) SWEET CO. SA IFO CHFI CHF CHF Which inventory cost flow method produces the more meaningful inventory amount for the statement of financial position? method produces the most meaningful inventory amount. Which inventory cost flow method is more likely to approximate actual physical flow of the goods? method is more likely to approximate actual physical fow. How much additional cash will be avai able for management under average cost than under FIFO? Additional cash will be available for
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