CONTINUING PROBLEM: FRONT ROW ENTERTAINMENT
In addition to developing online fan communities, Cam and Anna believe that they could increase Front Row Entertainment’s revenue by selling live-performance DVDs at the concert.
Front Row records the following activity between May and August 2019 for one of its artists:
Front Row sells all of its DVDs for $15 each and uses a perpetual inventory system. Required:
Required:
Compute ending inventory and cost of goods sold using the FIFO, LIFO, and average cost methods. ( Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest penny.)
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