Question: Brief Exercise 6-35 (Algorithmic) Inventory Costing Methods Tyler Company has the following information related to purchases and sales of one of Iits inventory items Date
Brief Exercise 6-35 (Algorithmic) Inventory Costing Methods Tyler Company has the following information related to purchases and sales of one of Iits inventory items Date Description Units Purchased at Cost Units Sold at Retail Sept. 1 Beginning inventory 400 units@ $10 Sept. 10 Purchase 600 units$12 Sept. 20 Sales 700 units $20 Sept. 25 Purchase 900 units at $13 Assume the company uses a perpetual inventory system. Required: Calculate ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods FIFO LIFO Avg Cost Cost of goods sold Ending inventory Previous Next Check My Work 5 more Check My Work uses remaining Emal Instructor Submit Assignment for Grading Save and Exit All work saved. 888 ES & dele 1 8 7 6 Y L K J G O
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