11:03 Back SHOCK COMPANY.doc PERPETUAL INVENTORY SYSTEM (Questions 8-9) Shock Company uses the perpetual system. The inv
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11:04 Take Quiz D Question 8 Using the attached inventory information for Shock Company, compute cost of merchandise sold using the LIFO method. O $610 $600 $590 $580 D Question 9 1 pts Using the attached inventory information for Shock Company, compute cost of merchandise sold using the FIFO method. $610 $600 $590 O $580 Exit 1 pts
11:04 Take Quiz Question 10 1 pts During a period of consistently rising prices, the method of inventory that will result in reporting the greatest cost of merchandise sold is FIFO LIFO Average cost O Weighted average Quiz saved at 11:03pm Exit Time Elapsed: Hide Time Attempt due: Jun 8 at 11:59pm O Minutes, 45 Seconds Submit Quiz