John Adams Companys record of transactions for the month of April was as Tollows: Purchases...
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Accounting
John Adams Companys record of transactions for the month of April was as Tollows: Purchases April 1 (balance on end) 250 @ 86.50 April6100@75 April 24100@125 April 2850@110 Sales April 11200 April 1785 April 30100 Calculate ending inventory using 1) LIFO 2) FIFO 3) Average cost. Assume perpetual inventories are maintained, except for average cost where you can assume the periodic inventory method
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