Question: Ivanhoe Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 63 units at a cost

 Ivanhoe Enterprises uses a periodic inventory system for buckets it sells.
It had a beginning inventory on April 1 of 63 units at

Ivanhoe Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 63 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases April 7 53 13 106 units at $ 7.00 units at $ 8,00 units at $ 9.00 units at $ 10.00 23 76 29 43 278 Sales April 5 106 units at $ 20 units at $ 20 11 76 20 66 units at $ 20 30 33 units at $20 281 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, eg. 15.25 and final answer to decimal places, eg. 1,525) (a) Average-cost-Ending Inventory $ Cost of Goods Sold $ (b) FIFO - Ending Inventory $ Cost of Goods Sold $ (c) LIFO-Ending Inventory S Cost of Goods Sold $

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