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this question is to be done with the periodic method. The following transactions occurred for the month of May. Date Units Cost Total Sales Price
this question is to be done with the periodic method.
The following transactions occurred for the month of May. Date Units Cost Total Sales Price 1-May Beginning Balance 80 12 $960 2-May Purchase 70 15 $1,050 3-May Purchase 75 16 $1,200 10-May Sale 100 $35 15-May Purchase 40 18 $720 17-May Sale $35 30-May Sale 110 $35 45 Calculate the cost of Goods Sold, Ending inventory, and Gross Profit for the month under FIFO, LIFO, and Weighted Average FIFO Cost of Goods Sold $ Ending Inventory Gross Profit LIFO Cost of Goods Sold $ Cost of Goods Sold $ Ending Inventory Gross Profit LIFO Cost of Goods Sold $ Ending Inventory Gross Profit Weighted Average. Do not round the unit cost. Do round total costs to the nearest cent on each transaction. Cost of Goods Sold $ Ending Inventory Gross Profit > Next Step by Step Solution
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