Question: Question 4: A) The Alpha company uses a periodic inventory system. The beginning balance of inventory and purchases made by the company during the month

Question 4: A) The Alpha company uses a periodic inventory system.

The beginning balance of inventory and purchases made by the company during

Question 4: A) The Alpha company uses a periodic inventory system. The beginning balance of inventory and purchases made by the company during the month of July, 2020 are given below: July 01: Beginning inventory, 625 units @ $32 per unit. July 18: Inventory purchased, 775 units @ $36 per unit. July 25: Inventory purchased, 580 units @ $39 per unit. The Delta company sold 1,375 units during the month of July. Required: Compute inventory on July 31, 2020 and cost of goods sold for the month of July using following inventory costing methods: First in, first out (FIFO) method Last in, first out (LIFO) method

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