Question: PRINTER VERSION BACK NEX Problem 6-3A (Part Level Submission) Bramble-Mart Centre Inc. began operations on May 1 and uses a perpetual inventory system. During May,
PRINTER VERSION BACK NEX Problem 6-3A (Part Level Submission) Bramble-Mart Centre Inc. began operations on May 1 and uses a perpetual inventory system. During May, the company had the following purchases and sales for one of its products: Purchases Sales Date Units Unit Cost Units Unit Price $102 May 1 120 $241 8 100 13 15 60 112 80 265 292 315 27 40 (a) Determine the cost of goods sold and cost of ending inventory using (1) FIFO and (2) average cost. (Round Average answers t 2 decimal places, e.g. 5.25.) FIFO Average Cost of Goods Sold Ending Inventory LINK TO TEXT LINK TO TEXT
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