Question: Problem 6-6A Alternative cost flows-perpetual # L02, 83 Canse Defence sells smartphone cases and uses the perpetual inventory system. The following is information on the

 Problem 6-6A Alternative cost flows-perpetual # L02, 83 Canse Defence sells

Problem 6-6A Alternative cost flows-perpetual # L02, 83 Canse Defence sells smartphone cases and uses the perpetual inventory system. The following is information on the purchases and sales of "Defender Box" cases. On October 1. Case Defence had 28 units with a unit cost of $22. Purchases Sales Date Units Unit Cost Units Unit Price Oct. 3 18 23 Oct. G $58 Oct. 12 28 25 Oct. 19 $58 Oct. 23 38 37 Oct. 30 $58 OFL 31 23 28 Required 1. Calculate the dollar value of cost of goods sold and ending inventory for the month of October using the following methods. a. FIFO b. Moving weighted average. Round all unit costs to two decimal places and round all other numbers to the nearest dollar

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