Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the...
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Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product Units Unit Beginning Inventory Jan. 1 200 5 Feb. 11 500$19 May 18 400 Oct 23 100 March 1 400 uly1 400 21 25 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out (b) last-in, first-out, and (c) weighted-average cost method. Do not round until your final answers. Round your final answers to the nearest dollar A First-in, First-out Ending inventory % Cost of goods sold B. Last-in, first-out Ending Inventory Cost of goods soid Weighted Average 20 86 Fa FS F8 F10
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