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this needs to be correctly answered as I only have a last attempt Blue inc is trying to determine whether to use the FIFO or
this needs to be correctly answered as I only have a last attempt
Blue inc is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory information: The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula. The company accountant has prepared the following partial statement of income to help statement impact of each cost determination cost formula. Fill in the missing amounts in the perpetual ifventory schedule, assaming the use of the fifO cost formula Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the average cost formula (Round "Cost answers to 2 decimal ploces, es. 1.25 and other answers to the nearest whole dollar, eg. 5,275. Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the average cost formula. (Round "Cost" answers to 2 decimol ploces, es. 1.25 and other answers to the nearest whole dollar, eg. 5.275.) Step by Step Solution
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