4) Transactions for the month of July for Shelly's Bookstore were as follows: Purchases Salca July...

 

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4) Transactions for the month of July for Shelly's Bookstore were as follows: Purchases Salca July 1 (balance) 600 8 $7.30 1,200 @ $7.40 July 3 350 @$9.50 12 900 @9.75 22 700 $7.60 25 800 10.00 250 $7.75 30 Determine the ending inventory and Cost of Goods Sold values using the (1) Periodic and (2)Perpetual methods for: a. FIFO, b. LIFO. c. Moving-average method (round unit prices to four decimal places). 4) Transactions for the month of July for Shelly's Bookstore were as follows: Purchases Salca July 1 (balance) 600 8 $7.30 1,200 @ $7.40 July 3 350 @$9.50 12 900 @9.75 22 700 $7.60 25 800 10.00 250 $7.75 30 Determine the ending inventory and Cost of Goods Sold values using the (1) Periodic and (2)Perpetual methods for: a. FIFO, b. LIFO. c. Moving-average method (round unit prices to four decimal places).

Answer rating: 100% (QA)

Answer FIFO Method Periodic Ending Inventory Total Cost of Goods Available for Sale 3300030 Ending I... View the full answer