Question: Calculuate the answer and please tell me specifically which answer goes in which box so that I can check my work. Thank you. After calculating
Calculuate the answer and please tell me specifically which answer goes in which box so that I can check my work. Thank you. After calculating which numbers go in which box, please tell me which of the following 3 methods will lead to reporting the highest net income: FIFO, LiFO, or Weighted Average Cost. (Also, ignore the "$36" written in the first box)
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Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Cost June 1 Beginning 28 $10.40 $291.20 456.00 40 11.40 11 Purchase 428.80 13.40 24 Purchase 32 30 Ending 36 Required: 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FlFO, (b) LIFO, and (c) weighted average cost methods. (Round your intermediate calculations and final answers to 2 decimal places.) Cost of Ending Cost of Goods Sold Inventory FIFO 36.00 LIFO Weighted Average Cost
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