10A, Wise Books has the following transactions in August related to merchandise inventory (Click the...
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10A, Wise Books has the following transactions in August related to merchandise inventory (Click the icon to view the transactions) Determine the cost of goods sold and ending merchandise inventory using the FIFO inventory costing method assuming Wise Books usest b Determine the cost of goods sold and ending merchandise inventory using the LIFO inventory costing method assuming Wise Books usest Determine the cost of goods sold and ending merchandise inventory using the weighted average inventory costing method assuming Wise a c. A., 6., and c. Determine the cost of goods sold and ending merchandise inventory using the (a) FIFO inventory costing method, (b) LIFO inventory cc cent and all other mounts to the nearest dollar 6. CE FIFO LIFO Weighted Average Beginning merchandise inventory More info Plus Net cast of purchases Cost of goods available for sale Less Ending merchandise winter Cost of goods sold Aug 1Beginning merch 3 Sold 6 books @ 12 Purchased 12 boc 15 Sold 11 books 20 Purchased 2 book 28 Sold 8 books @ 52 Aug. 1Beginning merchandise inventory, 16 books @ $21 each 3 Sold 6 books @ $21 each 12 Purchased 12 books @ $24 each 15 Sold 11 books @ $21 each 20 Purchased 2 books @ $28 each 28 Sold 8 books @ $24 each
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