U3 Activity 3 Assignment

Wojcik Company uses the perpetual inventory system. The following information is available for the month of May:

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Wojcilc Company uses the perpetual inventory system. The following information is available for the mouth of May' Instructions a. Calculate the cost of goods sold and ending inventory using the FIFU method of inventory valuation. h. Calculate the cost of goods sold and ending inventory using the LIFE) method of inventory valuation. e. Calculate the cost of goods sold and ending inventory using the Average lCost method of inventor}r valuation. d. Record the journal entries for the May It], 13 and 3|] purchases andthe May 15 and 21 sales using the Average Cost method