12. The units of Product PKO available for sale during the year were as follows: Apr 1 Apr 16 Apr 20 Apr 22 Apr 30 There are 15 units of the product in inventory at April 30th (ending inventory). Assume that all sales were after April 22n. Determine the cost of merchandise sold and the ending inventory valuation by (a) FIFO, (b) LIFO, and (c) avg.cost methods. Inventory Purchase Purchase Purchase 16 units 12 units 20 units 12 units $36 $40 $45 $32 Method Cost of Goods Sold Ending Inventory FIFO d1821

12. The units of Product PKO available for sale during the year were as follows: Apr 1 Apr 16 Apr 20 Apr 22 Apr 30 There are 15 units of the product in inventory at April 30th (ending inventory). Assume that all sales were after April 22n. Determine the cost of merchandise sold and the ending inventory valuation by (a) FIFO, (b) LIFO, and (c) avg.cost methods. Inventory Purchase Purchase Purchase 16 units 12 units 20 units 12 units $36 $40 $45 $32 Method Cost of Goods Sold Ending Inventory FIFO d1821

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Description: 12.The units of Product PKO available for sale during the year were as follows:Apr 1Apr 16Apr 20Apr 22Apr 33There are 15 units of the product in inventory at April 30th (ending inventory).Assume that all sales were after April 22nd. Determine the co

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 1PEA: The following three identical units of Item BZ1810 are purchased during November: Assume that one...

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