Question: Work the following problem and submit it electronically through this assignment. If you have everything correct, you will get 5 extra credit points. You MUST
Work the following problem and submit it electronically through this assignment. If you have everything correct, you will get 5 extra credit points. You MUST show your work to get the points. Beginning inventory, March 1 10 units @ $40 per unit Purchases: Mar. 10 8 units @ $41 per unit Mar. 22 10 units @ $42 per unit Sales: Mar. 4 7 units Mar. 22 4 units Mar. 28 2 units Requirement 1: Determine the Goods Available for Sale. Requirement 2: Determine the Ending Inventory in Units and Total Cost using A) FIFO Periodic and B) LIFO Periodic Requirement 3: Determine Cost of Goods Sold (do not calculate in term of units) for A) FIFO periodic and B) LIFO Periodic
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