Question: Check Problem 6-7AA Periodic: Alternative cost flows LO P3 Seminole Company began year 2017 with 29,000 units of product in its January 1 inventory costing

inventory costing $16.80 each. It made successive purchases of its product in

Check Problem 6-7AA Periodic: Alternative cost flows LO P3 Seminole Company began year 2017 with 29,000 units of product in its January 1 inventory costing $16.80 each. It made successive purchases of its product in year 2017 as follows. The company uses a periodic inventory system. On December 31, 2017, a physical count reveals that 53,000 units of its product remain in inventory. Mar. 7 46, 000 units @ $19.80 each May 25 48, 000 units $23.80 each Aug. 1 38, 000 units $25.80 each Nov. 10 42,000 units $28.80 each Required: 1. Compute the number and total cost of the units available for sale in year 2017 2. Compute the amounts assigned to the 2017 ending inventory and the cost of goods sold using (a) FIFO, (b] LIFO, and (a weighted average Complete this questions by entering your answers in the tabs below. Compute the number and total cost of the units available for sale in year 2017 Prey 1 of1 Next

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