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Question 2 (10 points) G - Listen ► . The following is the perpetual inventory tracking history of a company's product,
Posted: Thu May 19, 2022 2:52 pm
by answerhappygod
- Question 2 10 Points G Listen The Following Is The Perpetual Inventory Tracking History Of A Company S Product 1 (29.8 KiB) Viewed 47 times
Question 2 (10 points) G - Listen ► . The following is the perpetual inventory tracking history of a
company's product, maintained under the Weighted Average method: Date Transaction Units s/unit Jan 1 Opening Bal 103 $ 62.95 Jan 2 Purchase 29 67.57 Jan 6 Sale 104 722 lan 15 Purchase 106 S 57.551 Jan 22 Sale 54 272 REQUIRED: Determine the balances for ending Inventory and Cost of Goods Sold for the month of January. How would your answer change if they switched methods to First-In First Out? Make sure you show all your work. (10 marks)