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The cost of the irventory on April 1 is $ 5 , $ 4 , and $ 2 per unit, respectively, under the FIFO, average,
The cost of the irventory on April is $ $ and $ per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions
Required:
Compute the irventories at the end of each month and the cost of goods sold for each month for the following alternatives:
a FIFO periodic
Cost of Goods Sold Ending Irventory
b FIFO perpetual
Cost of Goods Sold Ending Irventory
c LIFO periodic
Cost of Goods Sold Ending Irventory
d LFO perpetual Round your intermediate calculations to the nearest cent.
Cost of Goods Sold Ending Irventory
e Weighted average Round unit costs to decimal places and final answers to the nearest dollar.
Cost of Goods Sold Ending Irventory
f Moving average Round unit costs to decimal places and final answers to the nearest dollar.
Cost of Goods Sold Ending Irventory
Reconcile the difference between the LIFO periodic and the LIFO perpetual results. If an amount is zero, enter
April Cost of Goods Sold Ending Irventory
Difference
May Cost of Goods Sold Ending Inventory
Difference
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