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The accounting records of Concord Electronics show the following data. Do Iitl Exercise 6-02 a- (Part Level Submission) The accounting records of Concord Electronics show
The accounting records of Concord Electronics show the following data.
Do Iitl Exercise 6-02 a- (Part Level Submission) The accounting records of Concord Electronics show the following data. Beginning inventory 2,500 units at $!5 Purchases Sales 10,000 units at $7 9,400 units at $10 (a) Your answer is incorrect. Try again. Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. (Round answer to 0 decimal places, e.g. 1,250.) Cost of goods sold during the period Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 2 of 2 used (b) Determine cost of goods sold during the period under a periodic inventory system using the LIFO method. (Round answer to 0 decimal places, e.g. 1,250.) LIFO Cost of goods sold during the period Click if you would like to Show Work for this question: Open Show Work LINK TO TEXTStep by Step Solution
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