4. LHR Company, which uses the periodic iventory system, has the following records for 2021: Unit...
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4. LHR Company, which uses the periodic iventory system, has the following records for 2021: Unit Cost Beginning inventory Purchases LUnits Sure $40 7966 March 4 25 42 44 March 30 55 45 20 August 19 September 3o 40 46 Totals Ending inventory at December 31 is 80 units ured: Compute the total cost of the ending inventory and the total cost of goods sold using a. FIFO 45 points b. C Weighted-Average LIFO FIFO Sales Cost of Goods Sold Gross Profit Gross Profit Percentage Ending Inventory LIFO Sales Cost of Goods Sold Gross Profit Gross Profit Percentage Ending Inventory Weighted Average Sales Cost of Goods Sold Gross Profit Gross Profit Percentage Ending Inventory 4. LHR Company, which uses the periodic iventory system, has the following records for 2021: Unit Cost Beginning inventory Purchases LUnits Sure $40 7966 March 4 25 42 44 March 30 55 45 20 August 19 September 3o 40 46 Totals Ending inventory at December 31 is 80 units ured: Compute the total cost of the ending inventory and the total cost of goods sold using a. FIFO 45 points b. C Weighted-Average LIFO FIFO Sales Cost of Goods Sold Gross Profit Gross Profit Percentage Ending Inventory LIFO Sales Cost of Goods Sold Gross Profit Gross Profit Percentage Ending Inventory Weighted Average Sales Cost of Goods Sold Gross Profit Gross Profit Percentage Ending Inventory
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann L. Johnston, Peter R. Norwood
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