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Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted
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Please help!! I have this due tonight! Required: Determine the inventory balance Altira would report in its August 31, 2011, balance sheet and the cost of goods sold it would report in its August 2011 income statement using each of the following cost flow methods: (Do not round intermediate...
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Hello, I have tried this example several times but do not seem to get the correct answer . I would appreciate your help with this one. Thanks: Twin Co. is a retailer operating which uses the perpetual inventory method. All sales returns from customers result in the goods being returned to...
How to calculate lifo and fifo ending inventory
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Beginventory 39 units@49 Sale 28 units@69 Firstpurchase 26 units@52 Sale 15 units@70 Secondpurchase 21units@55 Sale 30units@72 How to cal the cost and ending inventory for LIFO and FIFO
Find Cost of goods sold and ending inventory using.average cost/FIFO/LIFO
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I'm having a hard time with the fifo and lifo method... of this question Began with 73 yards @ 23 per yard During the month the company made the following purchases. March 3/4 113 yards @ 27 3/12 81 yards @ 29 3/19 167 yards @ 32 3/25 44 yards @ 35 View more questions Search
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