Question: I need accurate and correct answer , PLEASE The primary difference between a periodic and perpetual inventory system is ? ABC Store sells widgets and
I need accurate and correct answer PLEASE
The primary difference between a periodic and perpetual inventory system is
ABC Store sells widgets and uses the perpetual inventory system. Here are the transactions for the month of January:
January : Beginning inventory of widgets at $ each
January : Purchased widgets at $ each
January : Sold widgets
January : Purchased widgets at $ each
January : Sold widgets
Fifo ending inventory
Lifo ending inventory
March : Beginning inventory consisted of cans of tomatoes at a cost of $ per can.
March : Purchased cans of beans at a cost of $ per can.
March : Purchased cans of corn at a cost of $ per can.
March : Purchased cans of tomatoes at a cost of $ per can.
Ending Inventory units.
Fifo ending inventory
Lifo ending inventory
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