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use periodic method Sales Units Date May 1 Units 2,800 Cost $20 Total A.) Inventory May 8 Purchases 1,200 $22 B.) May 10 Sales 3,200
use periodic method
Sales Units Date May 1 Units 2,800 Cost $20 Total A.) Inventory May 8 Purchases 1,200 $22 B.) May 10 Sales 3,200 May 24 Purchases 1,600 $24 C.) O Find total number of units available for sale: Find ending inventory, in units: Find total of Product available for sale: Find Inventory value for Avg. Cost Method: Find CGS for FIFO MethodStep by Step Solution
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
