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This Question: 1 pl Frame First Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases
This Question: 1 pl Frame First Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow Click the icon to view the inventory and purchases data) Frame First Frame Shop uses the LIFO method, cost of goods sold will be O A $23.000 OB. $15,730 OC. $24,100 OD. $24,130 Data Table - X Jun 1 Beginning inventory 4 Purchase 9 Sale Units 2.600 1,100 Unit Cost $ 1400 $ 1430 Total Cost 36,400 15.730 (1.700) Print Done Fabulous Frames Frame Shop wants to know the afect of diferent inventory costing methods on its financial statements. Inventory and purchases data for June are: Click the icon to view the inventory and purchases data) 1 Fabulous Frames Frame Shop uses the FIFO method, the cost of the ending inventory will be OA. $21.240 OB. 526,340 OC. $29.200 OD. $28.900 Data Table - X Jun 1 Beginning inventory 4 Purchase 9 Sale $ Units 2000 1,200 (1.700) Unit Cost $ 17.00 5 17.70 Total Cost 31,000 21,240 Print Done Boston Company sells den Items for S1,200 per unit and has a cost of goods sold per unit of S960. The gross profit to be reported for seling 10 nems is: OA. $12.000 OB. $2,400 OC. $9,500 OD. $240
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