Abshire Corp uses the periodic inventory system. The following table shows beginning inventory and inventory purchases for 2023 Cost per unit $34 $37 $41 $43 Beginning Inventory March 10 June 11 October 15 Units 2,140 1,498 899 1,648 Cost of Goods Sold ($) Abshire Corp sold 3,773 units for $73 each Required: Fill in the following table with amounts for Cost of Goods Sold for 2023 based on the FIFO, LIFO, and weighted average inventory valuation methods. You may round your final answer to the nearest dollar FIFO Totals 72,760 55,426 36,859 70,864 133/21 LIFO 153,005 Weighted Average 143910

Abshire Corp uses the periodic inventory system. The following table shows beginning inventory and inventory purchases for 2023 Cost per unit $34 $37 $41 $43 Beginning Inventory March 10 June 11 October 15 Units 2,140 1,498 899 1,648 Cost of Goods Sold ($) Abshire Corp sold 3,773 units for $73 each Required: Fill in the following table with amounts for Cost of Goods Sold for 2023 based on the FIFO, LIFO, and weighted average inventory valuation methods. You may round your final answer to the nearest dollar FIFO Totals 72,760 55,426 36,859 70,864 133/21 LIFO 153,005 Weighted Average 143910

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...

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