i need the answer quickly Alternative Inventory MethodsGarrett Company has the following transactions during the months of April and May:DateTransactionUnitsCost/UnitApril 1Balance30017Purchase200$5.1025 Sale15028Purchase1005.70May 5Purchase2505.1018 Sale22 Sale30050The cost of the inventory on April 1 is $5, $4, and $2 per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions.Required:1. Compute the inventories at the end of each month and the cost of goods sold for each month for the following alternatives:a. FIFO periodicCost of Goods Sold Ending InventoryApril $2,025 X $1,140 XMay$

Name: i need the answer quickly Alternative Inventory MethodsGarrett Company
Uploaded: 2024-03-20T06:32:37.000Z
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Description: i need the answer quickly Alternative Inventory MethodsGarrett Company has the following transactions during the months of April and May:DateTransactionUnitsCost/UnitApril 1Balance30017Purchase200$5.1025 Sale15028Purchase1005.70May 5Purchase2505.1018

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Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May: Date Transaction Units Cost/Unit April 1 Balance 300 17 Purchase 200 $5.10 25 Sale 150 28 Purchase 100 5.70 May 5 Purchase 250 5.10 18 Sale 300 22 Sale 50 The cost of the inventory on April 1 is $5, $4, and $2 per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions. Required: 1. Compute the inventories at the end of each month and the cost of goods sold for each month for the following alternatives: a. FIFO periodic Cost of Goods Sold Ending Inventory April $ 2,025 X $ 1,140 X May $