Current Attempt in Progress

Vaughn Company had a beginning inventory on January $1$ of $160$ units of Product $4-18-15$ at a cost of $$20$ per unit. During the year, the following purchases were made.

$\backslash$table$[[$Mar$.15,392$ units at$,$$$23,$Sept. $4,314$ units,at$,$$$26$

Current Attempt in Progress

Vaughn Company had a beginning inventory on January $1$ of $160$ units of Product $4-18-15$ at a cost of $$20$ per unit. During the year, the following purchases were made.

$\backslash$table$[[$Mar$.15,392$ units at$,$$$23,$Sept. $4,314$ units at$,$$$26,],[$July $20,245$ units at$,$$$24,$Dec. $2,98$ units,at$,$$$29$

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Attempts: $1$ of $10$ us

$($c$)$

Your answer is partially correct.

Which cost flow method results in $(1)$ the highest inventory amount for the balance sheet, and $(2)$ the highest cost of goods solc for the income statement?

$(1)$ results in the highest inventory amount, $

$(2)$ produces the highest cost of goods sold, $

eTextbook and Media

Attempts: $2$ of $10$ used