SHOW YOUR COMPLETE SOLUTION. MUCH BETTER IF YOU'LL WRITE THE SOLUTION ON A PAPER. pre The...

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SHOW YOUR COMPLETE SOLUTION. MUCH BETTER IF YOU'LL WRITE THE SOLUTION ON A PAPER. pre The Luna Corporation made the following materials purchased and issued during the month of January. Inventory: Receipts: Issuances: January 1 January 10 January 25 January 15 January 27 1,000 units 8,000 8,500 8,500 8,000 1. Periodic system a. FIFO method b. Weighted average method @ @ Required: The cost of materials used and the cost assigned to the inventory at end of the month using 2. Perpetual system a. FIFO method b. Moving average method P 11.00 12.00 11.50 SHOW YOUR COMPLETE SOLUTION. MUCH BETTER IF YOU'LL WRITE THE SOLUTION ON A PAPER. pre The Luna Corporation made the following materials purchased and issued during the month of January. Inventory: Receipts: Issuances: January 1 January 10 January 25 January 15 January 27 1,000 units 8,000 8,500 8,500 8,000 1. Periodic system a. FIFO method b. Weighted average method @ @ Required: The cost of materials used and the cost assigned to the inventory at end of the month using 2. Perpetual system a. FIFO method b. Moving average method P 11.00 12.00 11.50

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Inventory Cost Methods Periodic System FIFO Method Step 1 Calculate the cost of materials issued in January based on the FIFO method On January 15 8500 units were issued These were the first units pur... View the full answer