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ucation.com/ext/map/indexhtml?con=con&external browser=0Blaunchurt-https253A%252F%252Fnewconnect mheducation.com%252Fw/activity & CGS HwC Due 10/16 Saved 495 1,360 Lopez Company reported the following current-year data for its only product. The company uses
ucation.com/ext/map/indexhtml?con=con&external browser=0Blaunchurt-https253A%252F%252Fnewconnect mheducation.com%252Fw/activity & CGS HwC Due 10/16 Saved 495 1,360 Lopez Company reported the following current-year data for its only product. The company uses a perlodic Inventory system and its ending Inventory consists of 150 units-50 from each of the last three purchases January 1 Beginning inventory 96 units $2.00 $ 192 March 7 Purchase 220 units $2.25 July 28 Purchase 544 units @ $2.50 October 3 Purchase 450 units $2.80 1,344 December 19 Purchase 150 units $2.99 Totals 1,500 units $ 3,855 (a-d) Determine the cost assigned to ending Inventory and to cost of goods sold for the following (e) Which method yields the highest net income? Complete this question by entering your answers in the tabs below. Reg A to D Rege Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to 2 decimal places) Ending Cost of Goods Inventory Sold (a) Specific identification 410.00 $ 1,523.00 (b) Weighted average (C) FIFO (d) LIFO ReqE > ucation.com/ext/map/indexhtml?con=con&external browser=0Blaunchurt-https253A%252F%252Fnewconnect mheducation.com%252Fw/activity & CGS HwC Due 10/16 Saved 495 1,360 Lopez Company reported the following current-year data for its only product. The company uses a perlodic Inventory system and its ending Inventory consists of 150 units-50 from each of the last three purchases January 1 Beginning inventory 96 units $2.00 $ 192 March 7 Purchase 220 units $2.25 July 28 Purchase 544 units @ $2.50 October 3 Purchase 450 units $2.80 1,344 December 19 Purchase 150 units $2.99 Totals 1,500 units $ 3,855 (a-d) Determine the cost assigned to ending Inventory and to cost of goods sold for the following (e) Which method yields the highest net income? Complete this question by entering your answers in the tabs below. Reg A to D Rege Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to 2 decimal places) Ending Cost of Goods Inventory Sold (a) Specific identification 410.00 $ 1,523.00 (b) Weighted average (C) FIFO (d) LIFO ReqE >
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