Question 4 of 5 1.33/4 E Current Attempt in Progress Brady Sports began operations on...
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Question 4 of 5 1.33/4 E Current Attempt in Progress Brady Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of the year Date Voucher Unit Invoice Cost Units Received Terms Gross Invoice Amount 1/15 10624 Net 30 50 $20 $1,000 3/15 11437 1/5, net 30 65 16 1,040 6/20 21332 1/10.net 30 90 15 1.850 9/12 27644 1/10.net 30 84 12 1008 11/24 31269 1/10.net 30 76 11 836 Totals 365 $5.234 A physical inventory on December 31, 2020, reveals that 100 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Brady Football Shop uses the invoice price less discount for recording purchases. (b) Compute the 2020 cost of goods sold using the LIFO method. (Round per unit and final answer to 2 decimal poces, es. 35.57) 2 Cost of Goods Sold using the LIFO methods eTextbook and Media Attempts:0 of 3 used Submit Answer Sfoarte
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