Periodic inventory by three methods The beginning inventory at Midnight Supplies and data on...
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Accounting
Periodic inventory by three methods
The beginning inventory at Midnight Supplies and data on purchases and sales for a threemonth period ending March are as follows:
Determine the inventory on March and the cost of goods sold for the threemonth period, using the firstin firstout method and the periodic inventory system.
Inventory, March
Cost of goods sold
Determine the inventory on March and the cost of goods sold for the threemonth period, using the lastin firstout method and the periodic inventory system.
Inventory, March s
Cost of goods sold
cost to the nearest cent.
Inventory, March :
Cost of goods sold $
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