Using the Universals Beauty Supply inventory. Answer the following questions. ...
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Accounting
Using the Universals Beauty Supply inventory. Answer the following questions.
Universal's Beauty Supply has the followine Company accounting records indicate that the related operating expenses for the month of August was \$1.250. All purchases of inventory and sales of inventory are on account Required: Assume Universal uses a FIFO inventory Costing method. Calculate the Cost of Goods sold for the month. (Show your work in table form) Calculate the Ending Inventory. (Use the same table to show your answer) Assume Universal uses a L.IFO inventory Costing method Calculate the Cost of Goods sold for the month. (Show your work in table form) Calculate the Ending Inventory. (Use the same table to show your answer Assume Universal uses a Average Costing inventory Costing method. Calculate the Cost of Goods sold for the month. (Show your work in table form) Calculate the Ending Inventory. (Use the same table to show your
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