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use periodic method 1. During April. Leary Company sold 900 units of Product Q. Its beginning inventory and purchases during the month were as follows:
use periodic method
1. During April. Leary Company sold 900 units of Product Q. Its beginning inventory and purchases during the month were as follows: (30 points-10 each method) Apr. 1 Beginning inventory 200 units @ $1 5 Purchases 200 units @ $2 10 Purchases 200 units @ $3 15 Purchases 200 units @ $4 20 Purchases 200 units @ $5 25 Purchases 200 units @ $6 Calculate Ending Inventory Value and Cost of Goods Sold under each of the following: A Average Cost LIFO FIFO B CStep by Step Solution
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