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problem: All-Pages Book firm reports the following inventory transactions during the month:

Date

Event

Number of Units

Unit Cost

Total Cost

1st

Beg. Inventory

200

$12

$2,400

8th

Purchase

600

14

8,400

13th

Sale

400

 

 

24th

Purchase

200

16

3,200

30th

Sale

400

 

 

Required; 
Fill the given table using the periodic inventory system approach;

 

FIFO

LIFO

Ending Inventory 

 

 

Cost of Goods Sold 

 

 

 

 

 

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922452

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