The inventory records of Cushing Inc. reflected the foil owing information for the year ended December 3
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Question:
The inventory records of Cushing Inc. reflected the foil owing information
for the year ended December :
Date Transaction #of Units Unit Cost Total Cost
Beginning inventory. $ $
Sale..................................
Purchase $ $
Sale.
Purchase. $ $
Sale.
Calculate Goods Sold and Ending Inventory using Periodic Inventory
for FIFO and LIFO and weighted average.
b Calculate Cost of Goods Sold and Ending Inventory using Perpetual Inventory or FIFO and LIFO
Need to show in the table format
Purchases Sales Inventory Balance
Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Purchase Sale Inventory
Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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