The records of Watawala Company contain the following information relating to the inventory item of K730...

 

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The records of Watawala Company contain the following information relating to the inventory item of K730 for October 20X6 Oct. 1 3 9 14 19 22 26 28 31 Beginning Inventory purchase Sale Sale Purchase Sale Purchase Sale Sale Units 24245888 20 40 10 50 30 20 10 5 Unit Cost Rs.4 Rs.5 Rs.7 Rs.9 Using the periodic inventory system compute the cost of ending inventory and cost of goods sold. Use the FIFO and LIFO inventory costing methods The records of Watawala Company contain the following information relating to the inventory item of K730 for October 20X6 Oct. 1 3 9 14 19 22 26 28 31 Beginning Inventory purchase Sale Sale Purchase Sale Purchase Sale Sale Units 24245888 20 40 10 50 30 20 10 5 Unit Cost Rs.4 Rs.5 Rs.7 Rs.9 Using the periodic inventory system compute the cost of ending inventory and cost of goods sold. Use the FIFO and LIFO inventory costing methods

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To calculate the cost of ending inventory and cost of goods sold using the periodic inventory system ... View the full answer