On january 10 klugman purchased 6 units at 660 each.the, Ask an Expert

Accounting

Klugman Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $600 each. On January 10, Klugman purchased 6 units at $660 each.The company sold 2 units on January 8 and 4 units on January 15.

Instructions

Compute the ending inventory under (1) FIFO, (2) LIFO, and (3) average-cost.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9436614

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