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undefined Problem E6-4 Sunburst Sells snowboard, Xpert. During the month of February 2021 with all the snow we have had, this snowboard became very popular.
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Problem E6-4 Sunburst Sells snowboard, Xpert. During the month of February 2021 with all the snow we have had, this snowboard became very popular. To follow are purchases Sunburst made from the manufacturer: Date Total Cost Units 12 45 2/1/21 2/12/21 2/19/21 2/26/21 Beginning Inventory Purchase Purchase Purchase Goods Available for resale Unit Cost $100.00 $103.00 $104.00 $105.00 20 50 127 QUESTION 1 - DETERMINE THE TOTAL $ - GOOD AVAILABLE FOR RESALE If during the month of February, Sunburst sold 116 Xpert snowboards QUESTION 2 - DETERMINE THE COST OF GOODS SOLD using FIFO & LIFO. EXTRA CREDIT QUESTION 3 - What Average price should Sunburst charge to make a Gross Profit of 25% - ASSUMING Sunburst uses FIFO Inventory methodStep by Step Solution
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