3.) Shamrock Company uses the periodic inventory method and had the following information available: (20...
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Accounting
3.) Shamrock Company uses the periodic inventory method and had the following information available: (20 points) Units Unit Cost 1/1 Beginning Inventory 100 $4 1/20 Purchase 7/25 Purchase 200 10/20 Purchase 300 400 A physical count of inventory on 12/31 revealed there were 400 units on hand. Complete the following: COST OF GOODS AVAILABLE FOR SALE Date Explanation Units Unit Cost Total Cost / / / 1 / / II / 17 / / / / LION FIFO: / / / / nding Inventory Unit Cost Date 79 Tonal Cost S / / / / / X / / / / / / / Cost of G 0 IN / Cost of goods available for sale Less: Cost of goods sold Proof of Cost of Goods Sold Units Unit Cost Date Total Cost / / LIFO: Ending Inventory Units Unit Cost Date Total Cost Proof of Cost of Goods Sold Units Unit Cost Date Total Cost
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