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Exercise 8-17 Coronado Football Shop began operations on January 2, 2017. Th e following stock...

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Exercise 8-17 Coronado Football Shop began operations on January 2, 2017. Th e following stock record card for footballs was taken from the records at the end of the year. Units Received Unit Invoice Cost Gross Invoice Amount Date Voucher Terms 1/15 10624 Net 30 3/15 11437 1/5, net 30 6/20 21332 1/10, net 30 9/12 27644 1/10, net 30 72 87 112 106 98 475 $30 24 23 18 17 2,160 2,088 2,576 1,908 1,666 $10,398 11/24 31269 1/10, net 30 Totals A physical inventory on December 31, 2017, reveals that 116 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Corona Football Shop uses the invoice price less discount for recording purchases [X]Your answer is incorrect. Try again. Compute the December 31, 2017, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Ending Inventory using the FIFO method Your answer is incorrect. Try again. Compute the 2017 cost of goods sold using the LIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) Cost of Goods Sold using the LIFO method

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