Question: Full solution please A8-29 Inventory Cost Methods (Appendix): The records of Cordova Corporate showed the following transactions, in the order given, relating to the major

Full solution please Full solution please A8-29 Inventory Cost Methods (Appendix): The records of Cordova

A8-29 Inventory Cost Methods (Appendix): The records of Cordova Corporate showed the following transactions, in the order given, relating to the major inventor item: cel Units Unit Cost 1. Inventory 3,000 $6.90 2. Purchase 6,000 7.20 3. Sale (at $15) 4,000 4. Purchase 5,000 7.50 5. Sale (at $15) 9,000 6. Purchase 11,000 7.66 7. Sale (at $18) 9,000 8. Purchase 6,000 7.80 Required: Complete the following schedule for each independent assumption (round unit costs to the nearest cent; show computations): Ending Inventory Units and Amounts Cost of Sales Gross Margin Independent Assumptions a. FIFO b. Weighted average, periodic inventory system c. Moving average, perpetual inventory system * A8-30 Inventory Policy Comparison: Carlton Inc 11 American manufacturer of

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