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The following data is available for one of the products sold by Piper's Pasta Company, which sells gourmet boxed pasta dishes, including macaroni and cheese.
The following data is available for one of the products sold by
Piper's Pasta Company, which sells gourmet boxed pasta dishes,
including macaroni and cheese. Piper's Pasta Company uses a
perpetual inventory system:
Piper's ending inventory for April was boxes.
If the Weighted Average Cost method is used, determine the
following amounts in dollars $: i Ending Inventory on April
ii Cost of Goods Sold for April? Show your calculations to
receive full credit.
If the LIFO method is used, determine the following
amounts in dollars $: i Ending Inventory on April m ii
Cost of Goods Sold for April? Show your calculations to receive
full credit.
If the company uses the FIFO method, determine the
following amounts in dollars $: i Ending Inventory on April
ii Cost of Goods Sold for April? Show your calculations to
receive full credit.
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