Question: Instructions: Using a perpetual inventory system, prepare the journal entries to record the transactions. Show calculations to value the cost of goods sold and ending

Instructions: Using a perpetual inventory system, prepare the journal entries to record the transactions. Show calculations to value the cost of goods sold and ending inventory using the FIFO, LIFO and Average Cost if 600 units remain on hand at October 31,

5. Ruopby. Co. uses the periodic inventory system to account for inventories. Information related to Ruopby. Co.'s inventory at October 31 is given below

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