The records of Amman Commercial Company show the following data: Inventory Purchases Purchases Date 01/01/2019 20/07/2019...

  

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The records of Amman Commercial Company show the following data: Inventory Purchases Purchases Date 01/01/2019 20/07/2019 22/11/2019 Instructions: Note: on 31/12/2019 a periodic inventory system is used, and the units on hand (ending inventory) were 17,000. Units 20,000 18,000 12,000 A. 124,000. B. 116,000. C. 112,000. D. 144,000. Unit Cost 9 8 7 1. Under the FIFO method, the cost of ending inventory is: A. 258,000. B. 256,000. C. 284,000. D. 292,000. 2. Under the FIFO method, the Cost of Goods Sold is: The records of Amman Commercial Company show the following data: Inventory Purchases Purchases Date 01/01/2019 20/07/2019 22/11/2019 Instructions: Note: on 31/12/2019 a periodic inventory system is used, and the units on hand (ending inventory) were 17,000. Units 20,000 18,000 12,000 A. 124,000. B. 116,000. C. 112,000. D. 144,000. Unit Cost 9 8 7 1. Under the FIFO method, the cost of ending inventory is: A. 258,000. B. 256,000. C. 284,000. D. 292,000. 2. Under the FIFO method, the Cost of Goods Sold is:

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Option A 124000 ... View the full answer