2 8012842 The Following Data Are Available For Sellco For The Fiscal Year Ended On January 31 2020 Sales Beginning In 1 (32.27 KiB) Viewed 11 times
2 8012842 The Following Data Are Available For Sellco For The Fiscal Year Ended On January 31 2020 Sales Beginning In 2 (78.45 KiB) Viewed 11 times
2 8012842 The Following Data Are Available For Sellco For The Fiscal Year Ended On January 31 2020 Sales Beginning In 3 (78.45 KiB) Viewed 11 times
2 8012842 The Following Data Are Available For Sellco For The Fiscal Year Ended On January 31 2020 Sales Beginning In 4 (8.81 KiB) Viewed 11 times
2 8012842) The following data are available for Sellco for the fiscal year ended on January 31, 2020. Sales Beginning inventory Purchases, in chronological order Required: .. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO. LIFO and Weighted average (using a periodic Inventory system): (Round unit cost to 2 decimal places.) Cost of Goods Sold Ending Inventory FIFO LIFO Weighted average 700 units 280 units @53 320 units $5 420 units #17 240 units @57 b. Assume that net income using the weighted average cost flow assumption is $15.000. Calculate net income under FIFO and LIFO (Round unit cost to 2 decimal places.) FIFO LIFO Net Income
Saved Sellco for the fiscal year ended on January 31, 20 780 units 280 units @ $3 320 units @ $5 420 units @ $7 240 units @ $7
b. Assume that net income using the weighted average cost flow assumption is $15.000. Calculate net income under FIFO and LIFO (Round unit cost to 2 decimal places.) Net Income
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