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The following represents the inventory of Benita Company for the month of April: Assuming a perpetual inventory system is used by Benita Company, what is
The following represents the inventory of Benita Company for the month of April:
Assuming a perpetual inventory system is used by Benita Company, what is ending inventory under LIFO? b. Assuming a perpetual inventory system is used by Benita Company, what is cost of goods sold under FIFO? c. Assuming a perpetual inventory system is used by Benita Company, what is ending inventory under the Weighted-Average Cost method?
d. What is the gross margin for a and b and c
inventory of Benita Company for the month of April: 100 units @$16 April 1 April 2 April 3 Beginning Inventory Sales Purchases 50 units 1 300 units @ $24 DApril 10 Sales 250 units April 21 Purchases oor400 units @$32 April 28 Sales 200 unitsStep by Step Solution
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