Sport Box sells a wide variety of sporting equipment. The following is information on the purchases...
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Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130 Description Units Mar. 1 Beginning Inventory Mar. 3 Purchase Undt Cost $54 $ 59 $ 64 29 74 Mar. 6 Purchase Mar. 17 Sale Har. 23 Purchase Har. 31 Sale 124 78 $64 168 Required: Calculate the cost of goods sold end ending inventory under the perpetual inveritory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Cost of Goods Sold Ending Inventory 1. FIFO 2. Moving weighted average Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130 Description Units Mar. 1 Beginning Inventory Mar. 3 Purchase Undt Cost $54 $ 59 $ 64 29 74 Mar. 6 Purchase Mar. 17 Sale Har. 23 Purchase Har. 31 Sale 124 78 $64 168 Required: Calculate the cost of goods sold end ending inventory under the perpetual inveritory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Cost of Goods Sold Ending Inventory 1. FIFO 2. Moving weighted average
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Solution 1 FirstIn FirstOut Method Ending Inventory Unit Cost Purchases Cost of Goods S... View the full answer
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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