QUESTION 7 Not complete Points out of 1.00 PFlag question Inventory Costing Methods-Periodic...
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QUESTION 7 Not complete Points out of 1.00 PFlag question Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product: Beginning Inventory 200 Feb. 11500 May 18 400 Oct. 23 100 March 1 400 July 1400 Units Unit Cost $11 $15 17 21 Purchases: Sales: 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 sold C. Weighted Average Ending Inventory $ Cost of goods sold
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