Question: Jackson Company provided the following data about its inventory for the month of April. Use this information for the questions below. Date Transaction April 1

Jackson Company provided the following data about its inventory for the month of April. Use this information for the questions below.

Date

Transaction

April 1

Beginning inventory 300 units at $10

April 2

Sold 200 units at $24

April 3

Purchased 800 units at $12

April 14

Sold 500 units at $24

April 20

Purchased 500 units at $13

April 30

Sold 300 units at $25

Assume Jackson Company uses the perpetual system of inventory.

Calculate ending inventory and cost of goods sold using FIFO, LIFO, and moving-average cost.

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