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vull Periodic Inventories (12 points) [Type here] Carson Company uses the periodic inventory method and had the following inventory information available for the month of
vull Periodic Inventories (12 points) [Type here] Carson Company uses the periodic inventory method and had the following inventory information available for the month of November Date 11/1 Units 400 Unit Cost $3 11/5 Transaction Beginning inventory Purchase No. 1 Sale No. 1 Purchase No. 2 Sale No. 2 Purchase No. 3 11/12 11/18 11/25 11/30 500 $6 450 500 900 600 A physical count of units on November 30 revealed that 650 units were on hand. Answer the following independent questions and show computations supporting your answer 1. Assume that the company uses the average cost method. What is the dollar value of the ending inventory on November 30? 2. Assume that the company uses the LIFO inventory method. What is the dollar value of the cost of goods sold during November? 3. Assume that the company uses the FIFO inventory method. The dollar value of the ending inventory on November 30 is: ne in the vakte of
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