QUESTIONS Partially correct 0.17 points out of 1.00 Flag question Inventory Costing Methods-Periodic...
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QUESTIONS Partially correct 0.17 points out of 1.00 Flag question Inventory Costing Methods-Periodic Method The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: July 1 Beginning inventory 30 units8 per unit 10 Purchased 15 Sold 26 Purchased 50 units $9 per unit 60 units @ 25 units $10 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in. first-out. (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar A. First-in, First-out 510 X Ending Inventory Cost of Goods Sold: B. Last-in, first-out Ending Inventory Cost of Goods Sold:S C. Weighted-average cost: Ending Inventory Cost of Goods Sold
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