During June, the following changes in inventory took place: June 1 Balance 1,400 units @ SR 24 14 24 8 Sold 10 Sold 29 Sold 900 units @ 36 700 units @ 30 400 units @ 50 1,000 units @ 40 500 units @ 44 Perpetual inventories are maintained in units only. Instructions What is the cost of the ending inventory under the following methods? (Show calculatio (a) FIFO. (b) Average Cost. Purchased Purchased

During June, the following changes in inventory took place: June 1 Balance 1,400 units @ SR 24 14 24 8 Sold 10 Sold 29 Sold 900 units @ 36 700 units @ 30 400 units @ 50 1,000 units @ 40 500 units @ 44 Perpetual inventories are maintained in units only. Instructions What is the cost of the ending inventory under the following methods? (Show calculatio (a) FIFO. (b) Average Cost. Purchased Purchased

Name: Please do not give solution in image format thanku During June, the fo
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Description: Please do not give solution in image format thanku During June, the following changes in inventory took place:June 1 Balance1,400 units @ SR 2414900 units @3624700 units @ 308400 units @ 501,000 units @ 40500 units @ 44Perpetual inventories are maint

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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