Question
The following data are for the Evans Company, which seils just one product Units Unit Cost 200 Beginning inventory January 1 Purchases Sales February
The following data are for the Evans Company, which seils just one product Units Unit Cost 200 Beginning inventory January 1 Purchases Sales February 11 May 18 October 23 March 1 July 1 500 400 100 400 400 $40 $56 $64 580 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last-in method.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
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