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Totman Company has the following transactions during the months of January and February: Date Transaction Units Cost/Unit mary T b 200 10 Purchase 50 $25
Totman Company has the following transactions during the months of January and February: Date Transaction Units Cost/Unit mary T b 200 10 Purchase 50 $25 22 Salc 10 28 Purchase 00 27 February 4 Purchase 40 20 14 Sale 23 Salo 50 20 The cost of the Inventory at January is $24, 523, and $15 per unit, respectively, under the FIFO, average and LIFO cost flow assumptions. Required: 1. Compute the cost of goods sold for each month and the inventories at the end of each month for the following alternatives: FIFO periodic Cost of Goods Sold Ending Inventory January 5 960 $ February 1,680 1 6,710 v 0,150 5. FIFO perpetual Cast of Gen Nold Emling Inventry 960 $ 6,710 n,MI January February $ 1,hill 5 C. LIFO periodic Cast of Goods Sold Ending Imentary January $ February $ LIFO perpetual $ $ Cost of Goods Sold Ending Inventory January $ 1,000 $ 4,870 s 4,060 February 5 1,910 Wwighede found unit cost to 4 decimal places and round final answers to a dollar.) Cost of Goods Sold Ending Inventory January $ February $ $ Moving average (and its 4 decimal places. If.) Cost of Goods Sold Ending Inventory January
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