Please do not give solution in image format thanku INVENTORY COST FLOWSCandy Company has approached you to help decide what type of inventory system itshould use (perpetual vs. periodic) and what cost flow assumption to adopt (FIFO vs.Average Cost). Inventory written off due to shrinkage is expensed to cost of goods sold.During September/ 2022 the following inventory transactions occurred;DateSept 1Sept 8Sept 10Sept 14Sept 28DescriptionOpening balancePurchase #1Sale #1Purchase #2Sale #2Quantity (#units)100850300150600At September 30th, a physical inventory count showed 180 units of inventory on hand.INVENTORY COST FLOWS - CONTINUED$ per Unit$13.50$15.00$ 25.00$17.50$30.00a) Periodic System with a FIFO cost flow assumption.

Name: Please do not give solution in image format thanku INVENTORY COST FLOW
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku INVENTORY COST FLOWSCandy Company has approached you to help decide what type of inventory system itshould use (perpetual vs. periodic) and what cost flow assumption to adopt (FIFO vs.Average Cost).