Question: Problem 4 : Inventory In its first month of operation, Bossier Corporation purchased the following inventory available for sale: table [ [ , Quantity,Price
Problem : Inventory
In its first month of operation, Bossier Corporation purchased the following inventory available for sale:
tableQuantity,Price per UnitDay $Day $Day $Total
The company sold units during the first month.
Required:
Calculate the dollar value of cost of goods sold, ending inventory and goods available for sale for each of the following cost flow assumptions:
tableLIFO,FIFO,tableWeightedAverageEnding Inventory,,,Cost of Goods Sold,,,Goods Available for Sale,,,
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