Question: Book Show Me How Cost Flow Methods The following three identical units of item PX2T are purchased during April Item Beta Units Cost April 2
Book Show Me How Cost Flow Methods The following three identical units of item PX2T are purchased during April Item Beta Units Cost April 2 Purchase 1 97 April 15 Purchase 1 98 Purchase 99 April 20 Total 3 $294 $98 Average cost per unit ($294 + 3 units) 3 Assume that one unit is sold on April 27 for $141 Determine the gross profile for April and ending inventory on April 30 using the (a) Piratin, first-out (FFO); (b) tosin Tirst out (LF) and (weighted aveage cost method Gross Pront Ending Inventory a First-in, first-out (FIFO) b. Last.in, first-out (LIFO) c. Weighted average cost
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