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Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Clark Corporation. (Click the icon to view the data.) The cost of ending inventory is The cost of goods sold is Data table Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold 880 Quantity Unit Cost 140 S 210 350 80 270 $ 11.00 $ 14.00 $ Total 1,540 2,940 . X

Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Clark Corporation. (Click the icon to view the data.) The cost of ending inventory is The cost of goods sold is Data table Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold 880 Quantity Unit Cost 140 S 210 350 80 270 $ 11.00 $ 14.00 $ Total 1,540 2,940 . X

FINANCIAL ACCOUNTING
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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K Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Clark Corporation. (Click the icon to view the data.) The cost of ending inventory is The cost of goods sold is Data table Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold 880 Quantity 140 S 210 350 80 Unit Cost 270 11.00 $ 14.00 $ Total - X 1,540 2,940
Transcribed Image Text:K Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Clark Corporation. (Click the icon to view the data.) The cost of ending inventory is The cost of goods sold is Data table Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold 880 Quantity 140 S 210 350 80 Unit Cost 270 11.00 $ 14.00 $ Total - X 1,540 2,940
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