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P3. Inventory Cost Flow Methods London Company who use a periodic inventory system sold 600 units of inventory in April. In addition, the following information is available (2 pts.). Please properly use "comma" in numbers as follows: 6,000 and 1,234,567 April 1 Inventory 250 units @ $10 $2,500 April 15 purchase 400 units @ $12 4,800 April 23 purchase 350 units @ $13 4,550 1,000 units $ 11,850 Determine the ending inventory and cost of goods sold during the period using the FIFO method and the LIFO method. Please properly use "comma" in numbers (numeric values) as follows: 6,000, 1,234,567 etc. FIFO Ending Inventory CGS $ LIFO Ending Inventory CGS $

P3. Inventory Cost Flow Methods London Company who use a periodic inventory system sold 600 units of inventory in April. In addition, the following information is available (2 pts.). Please properly use "comma" in numbers as follows: 6,000 and 1,234,567 April 1 Inventory 250 units @ $10 $2,500 April 15 purchase 400 units @ $12 4,800 April 23 purchase 350 units @ $13 4,550 1,000 units $ 11,850 Determine the ending inventory and cost of goods sold during the period using the FIFO method and the LIFO method. Please properly use "comma" in numbers (numeric values) as follows: 6,000, 1,234,567 etc. FIFO Ending Inventory CGS $ LIFO Ending Inventory CGS $

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...
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P3. Inventory Cost Flow Methods London Company who use a periodic inventory system sold 600 units of inventory in April. In addition, the following information is available (2 pts.). Please properly use "comma" in numbers as follows: 6,000 and 1,234,567 April 1 Inventory 250 units @ $10 $2,500 April 15 purchase 400 units @ $12 4,800 April 23 purchase 350 units @ $13 4,550 1,000 units $ 11,850 Determine the ending inventory and cost of goods sold during the period using the FIFO method and the LIFO method. Please properly use "comma" in numbers (numeric values) as follows: 6,000, 1,234,567 etc. FIFO Ending Inventory CGS $ LIFO Ending Inventory CGS $
Transcribed Image Text:P3. Inventory Cost Flow Methods London Company who use a periodic inventory system sold 600 units of inventory in April. In addition, the following information is available (2 pts.). Please properly use "comma" in numbers as follows: 6,000 and 1,234,567 April 1 Inventory 250 units @ $10 $2,500 April 15 purchase 400 units @ $12 4,800 April 23 purchase 350 units @ $13 4,550 1,000 units $ 11,850 Determine the ending inventory and cost of goods sold during the period using the FIFO method and the LIFO method. Please properly use "comma" in numbers (numeric values) as follows: 6,000, 1,234,567 etc. FIFO Ending Inventory CGS $ LIFO Ending Inventory CGS $
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