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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 the 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?
100 units $16 April Beginning Inventory Api 2 Sales April 3 Purchases April 10 Sales April 21 Purchases April 28 Sales 50 units 300 units@ $24 250 units 400 units @ $32 200 unitsStep by Step Solution
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