Please do not give solution in image format thanku Compute the cost of goods sold using FIFO, LIFO, and moving-average methods. (Round answers to 0 decimal places, e.g.125.)Cost of goods sold $eTextbook and MediaFIFOLIFOAVERAGE-COST Sunland Department Store uses a perpetual inventory system. Data for product E2-D2 includes the following purchases.DateMay 7July 28Number of Units(a1)4836On June 1, Sunland sold 24 units, and on August 27, 36 more units.Your answer is correct.June 1 saleAug. 27 saleCalculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.)Unit Price$14$19eTextbook and Media:14.00017,000!

Under FIFO Method of Inventory valuation it is presumed that Inventory came first will be sold…

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Compute the cost of goods sold using FIFO, LIFO, and moving-average methods. (Round answers to 0 decimal places, e.g. 125.) Cost of goods sold $ eTextbook and Media FIFO $ LIFO AVERAGE-COST

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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Question

Please do not give solution in image format thanku

Compute the cost of goods sold using FIFO, LIFO, and moving-average methods. (Round answers to 0 decimal places, e.g.
125.)
Cost of goods sold $
eTextbook and Media
FIFO
LIFO
AVERAGE-COST

Sunland Department Store uses a perpetual inventory system. Data for product E2-D2 includes the following purchases.
Date
May 7
July 28
Number of Units
(a1)
48
36
On June 1, Sunland sold 24 units, and on August 27, 36 more units.
Your answer is correct.
June 1 sale
Aug. 27 sale
Calculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.)
Unit Price
$14
$
19
eTextbook and Media:
14.000
17,000
!

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