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I 2 E E E Dazzle Inc. has a periodic inventory system and the LIFO method to assign costs to inventory and cost of goods
Posted: Sun Jul 03, 2022 1:15 pm
by answerhappygod
- I 2 E E E Dazzle Inc Has A Periodic Inventory System And The Lifo Method To Assign Costs To Inventory And Cost Of Goods 1 (28.16 KiB) Viewed 11 times
I 2 E E E Dazzle Inc. has a periodic inventory system and the LIFO method to assign costs to inventory and cost of goods sold. Consider the following information: Date January 1 October 2 December 5 Description Beginning inventory Purchase Sales # of units 100 75 125 What amounts would be reported as the cost of goods sold and ending inventory balances for the period? A Cost of goods sold $625; Ending inventory $175 B Cost of goods sold $600; Ending inventory $200 Cost of goods sold $755; Ending inventory $225 D Cost of goods sold $550; Ending inventory $250 Cost per unit 95