3. The records of Watawala Company contain the following information relating to the inventory item of K730 for October 20X6 Oct. 1 3 9 14 19 22 26 28 31 Beginning Inventory purchase Sale Sale Purchase Sale Purchase Sale Sale Units 20 40 10 45 50 30 20 10 5 Unit Cost Rs.4 Rs.5 Rs.7 Rs.9 Using the periodic inventory system compute the cost of ending inventory and cost of goods sold. Use the FIFO and LIFO inventory costing methods

3. The records of Watawala Company contain the following information relating to the inventory item of K730 for October 20X6 Oct. 1 3 9 14 19 22 26 28 31 Beginning Inventory purchase Sale Sale Purchase Sale Purchase Sale Sale Units 20 40 10 45 50 30 20 10 5 Unit Cost Rs.4 Rs.5 Rs.7 Rs.9 Using the periodic inventory system compute the cost of ending inventory and cost of goods sold. Use the FIFO and LIFO inventory costing methods

Name: 3. The records of Watawala Company contain the following information
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Description: 3. The records of Watawala Company contain the following information relating to the inventoryitem of K730 for October 20X6Oct. 139141922262831Beginning InventorypurchaseSaleSalePurchaseSalePurchaseSaleSaleUnits20401045503020105Unit CostRs.4Rs.5Rs.7

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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