Book Hirt Prins Cortez Company Sells Chairs That Are Used At Computer Stations Its Beginning Inventory Of Chairs Was 80 1 (25.85 KiB) Viewed 40 times
Book Hirt Prins Cortez Company Sells Chairs That Are Used At Computer Stations Its Beginning Inventory Of Chairs Was 80 2 (26.42 KiB) Viewed 40 times
Book Hirt Prins Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 80 units at $90 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 210-unit purchase at $102 per unit; the second was a 248-unit purchase at $108 per unit. During the period, it sold 348 chairs. Required a-1. Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. a-2. Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses FIFO. b-1. Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses LIFO. b-2 Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses LIFO, c. Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses Weighted average.
ok int int rences Complete this question by entering your answers in the tabs below. Req A1 Req A2 Total Req B1 Req B2 Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. Cost of Goods FIFO Sold Units Req C Ⓡ Ⓡ Unit Cost Req A2 >
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