This is an accounting course. ventory valuation? la produces the higher cash flow...
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Accounting
This is an accounting course.
ventory valuation? la produces the higher cash flow Date und answer Ouestions Total Cost 50 6 9 35 $230 240 8,400 14 20 40 245 Sales P6-4B BigFishTackle Co. Ltd. reports the following inventory transactions for its fishing rods to the month of April. The app's perpetual TIFO company uses a perpetual inventory systein. Explanation blousejects. Units Unit Cost Apr. 1 Beginning inventory 102,3) $11,500 Purchases Sales (55) Purchases 9,800 (50) 28 000.000 Purchases 30 250 7.500 0000 Instructions 000.000000 (a) Determine the cost of goods sold and cost of ending inventory using FIFO.noizoq lainaamalla no tenemose, (b) Assume that BigFishTackle wants to change to the average cost formula. What guidelines must it consider before making this change? (c) If the company does change to the average cost formula and prices continue to rise, would you expect the cost of goods sold and ending inventory amounts to be higher or lower than these amounts when using FIFO
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