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Question 3 Alternative cost flow assumptions-perpetual inventory system LO² Sports Box sells a wide variety of sporting
Posted: Tue Jul 05, 2022 11:23 am
by answerhappygod
- Question 3 Alternative Cost Flow Assumptions Perpetual Inventory System Lo Sports Box Sells A Wide Variety Of Sporting 1 (28.34 KiB) Viewed 12 times
Question 3 Alternative cost flow assumptions-perpetual inventory system LO² Sports Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top-selling hockey sticks. The hockey stick sells for $130. Mar. 1 Mar. 3 Mar.6 Mar.17 Mar. 23 Mar. 31 Description Beginning Inventory Purchase Purchase Sale Purchase Sale Cost of goods sold Units Ending Inventory. 5 50 100 45 30 120 Unit Cost $30 $35 $40 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following costing methods. Use the worksheet. 1. FIFO $40