Question: Page 5 Sold Table 1 Assume the following data for Burnette company for 20x5: Bibi. Iz Beginning inventory March 18 purchase June 10 purchase October
Page 5 Sold Table 1 Assume the following data for Burnette company for 20x5: Bibi. Iz Beginning inventory March 18 purchase June 10 purchase October 30 purchase 10 units at $7 each 15 units at $9 each 20 units at $10 each 12 units at $11 each 8 chats may 24 10 sept 26 14 Dec. 24 10 on December 31, a physical count reveals 15 units in ending inventory. 17. Refer to Table 1. Under the LIFO method, ending inventory would be valued at: a. $/65 b. $141 c. $ 113 d. $135 18. Referring to Table 1, under the "FIFO method, cost of goods sold on the income statement would be: a. $294 b. $375 c. $462 d. $420 19. Referring to Table 1, under the weighted average method, cost of goods sold on the income statement would be: a. $332,32 b. $244.32 C. $389.67 d. $42048
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