Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 22 units in ending inventory. (Do not round your intermediate calculation and round your final answers to the nearest cent.) Date January 1 April i June 1 Unita purchaned Cont per unit $6.00 6.00 Total cost $240.00 180.00 260.00 270.00 40 30 52 5.00 September 1 45 6.00 Total 167 $950.00 Cost of goods sold Ending inventory FIFO LIFO Average cost

Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 22 units in ending inventory. (Do not round your intermediate calculation and round your final answers to the nearest cent.) Date January 1 April i June 1 Unita purchaned Cont per unit $6.00 6.00 Total cost $240.00 180.00 260.00 270.00 40 30 52 5.00 September 1 45 6.00 Total 167 $950.00 Cost of goods sold Ending inventory FIFO LIFO Average cost

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Description: Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 22units in ending inventory. (Do not round your intermediate calculation and round your final answers to the nearest cent

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 11PA: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...

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