Question: Remaining Time: 31 minutes, 16 seconds. Question Completion Status: Click Submit to complete this assessment. Question 13 1.100 Ahmed Company uses a periodic inventory system
Remaining Time: 31 minutes, 16 seconds. Question Completion Status: Click Submit to complete this assessment. Question 13 1.100 Ahmed Company uses a periodic inventory system Details for the inventory account for the month of January 2021 are as follows. Units Per unit price Total Balance, 1/1/21 400 $5.00 $2.000 Purchase, 1/15/21 200 5.30 1,060 Purchase, 1/28/21 200 5.50 I An end of the month (1/31/21) inventory showed that 240 units were on hand Instructions Calculate (1) Value of ending inventory (2) Cost of goods sold Under the folloing methods (a) FIFO (b) LIFO (C) Average Cost IN T For the press AT-O POR ALTEN 10 Mah BIS Paragraphs x x - + ** 02 BB
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