please answer do not image format Concord Company's record of transactions concerning part WA6 for the month of September was as follows:PurchasesSeptember 1 (balance on hand)12162226Ending inventory.$300(1)FIFO200300300500300@@0$11.4011.5011.6511.7011.7011.80SalesSeptember 4(2)LIFO172730400Compute the inventory at September 30 on each of the following bases. Assume that perpetual inventory records are kept in unitsonly. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round average cost per unit to 2 decimal places, eg2.76 and final answers to O decimal places, e.g. 6.548)600300200(3)Average-cost

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Description: please answer do not image format Concord Company's record of transactions concerning part WA6 for the month of September was as follows:PurchasesSeptember 1 (balance on hand)12162226Ending inventory.$300(1)FIFO200300300500300@@0$11.4011.5011.6511.7

FIFO --FIFO stands for first- in-first-out. It is a method of inventory valuation.. In this method…

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Accounting

mpany Purchases September 1 (balance on hand) 12 16 22 26 300 200 300 300 5000 300 $11.40 11.50 11.65 11.70 11.70 11.80 Sales (2) September 4 17 27 30 400 600 300 200 Compute the inventory at September 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round average cost per unit to 2 decimal places, eg 2.76 and final answers to O decimal places, e.g. 6.548.) (3)

mpany Purchases September 1 (balance on hand) 12 16 22 26 300 200 300 300 5000 300 $11.40 11.50 11.65 11.70 11.70 11.80 Sales (2) September 4 17 27 30 400 600 300 200 Compute the inventory at September 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round average cost per unit to 2 decimal places, eg 2.76 and final answers to O decimal places, e.g. 6.548.) (3)

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 2PEA: Beginning inventory, purchases, and sales for Item Widget are as follows: Assuming a perpetual...

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