you are provided with the following information for abc inc. for the month ended october 31,2010 abc uses a perpetual method for inventory.

Project Description:

date description units unit cost or
selling price
october 1 beginning inventory 50 $25
october 9 purchase 110 27
october 11 sale 80 35
october 17 purchase 90 29
october 22 sale 80 41
october 25 purchase 70 27
october 29 sale 100 40

instructions
a) calculate 1 ending inventory, 2 cost of goods sold,3 and gross profit under each of the following methods. present complete schedule
1 lifo.
2 fifo.
3 average-cost.
Skills Required:
Project Stats:

Price Type: Negotiable

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