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Use the following information for Questions #29-34 Jackson Company is a multi product firm. Presented below is information concerning one of its produk Date Transaction
Use the following information for Questions #29-34 Jackson Company is a multi product firm. Presented below is information concerning one of its produk Date Transaction Quantity Price/Cost 1/1 Beginning Inventory 2,400 $16 2/4 Purchase 13.400 24 2/20 Sale 3.900 41 4/2 Purchase 4,400 11/4 Sale 3,600 45 29. Compute COGS assuming Jackson uses a periodic system - FIFO cost flow a. $45,600 b. $83.700 c. $172,700 d. $210,800 30. Compute Ending Inventory assuming Jackson uses a perpetual system - FIFO cost flow a $55,200 b. $45.600 c. 583,700 d. $67,870 31. Compute Ending Inventory assuming Jackson uses a periodic system - LIFO Cost flow. a $45,600 b. SS5,200 c. $67,870 d. $83.700 32. Compute COGS assuming Jackson uses a periodic system-LIFO cost flow a. $172,700 b. $210,800 c. $188,529 d. 201,200 33. Compute COGS assuming Jackson uses a perpetual system - LIFO cost flow. a. $188,529 b. $201,200 c. $172,700 d. $210,800 Compute Ending Inventory assuming Jackson uses a periodic system - Weighted Average (round average-cost per unit to 4 decimal places, e.g. 2.7613): a. $67,871 b. $75,461 c. $188,529 d. $256,400
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