Question: value 0.57 points E7-6 Analyzing and Interpreting the Financial Statement Effects of Periodic FIFO, LIFO, and Weighted Average inventory costing method at the end of

 value 0.57 points E7-6 Analyzing and Interpreting the Financial Statement Effects

of Periodic FIFO, LIFO, and Weighted Average inventory costing method at the

end of the year, as it it uses a periodic inventory system.

Assume its acounting records provided the following information at the end of

the annual accounting penod December 31 Unit ransactions Units Cost 350 S14

value 0.57 points E7-6 Analyzing and Interpreting the Financial Statement Effects of Periodic FIFO, LIFO, and Weighted Average inventory costing method at the end of the year, as it it uses a periodic inventory system. Assume its acounting records provided the following information at the end of the annual accounting penod December 31 Unit ransactions Units Cost 350 S14 a Inventory, Beginning For the year b. Purchase, Apnl 11 c Purchase, June 1 d Sale, May 1 (sold for $42 per unit) e Sale July 3 (sold for $A2 per unit) f Operating expenses (excluding income tax expense) $18.000 950 12 700 15 350 610 Required: Caiculate the number and cost of goods avalable for sal Number of Goods Available for Sale Cost of Gopds Avallable for Sale

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