Question: Armed Forces Surplus began May 2 0 2 1 with 1 0 0 stoves that cost $ 1 0 each. During the month, the company
Armed Forces Surplus began May with stoves that cost $ each. During the month, the company made
the following purchases at cost:
Click the icon to view the purchases.
The company sold stoves, and at May the ending inventory consisted of stoves. The sales price of each
stove was $
Read the requirements.
Requirement Determine the cost of goods sold and ending inventory amounts for May under the averagecost
FIFO, and LIFO costing methods. Round the average cost per unit to two decimal places, and round all other
amounts to the nearest dollar.
Data table
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