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Accounting Problem
Vista Company Inc. had a beginning inventory of 100 units of Product RST at a cost of $8 per unit. During the year, purchases were:
Feb. 20
600
units at
$9
Aug. 12
400
$11
May 5
500
$10
Dec. 8
100
$12
Vista Company Inc. uses a periodic inventory system. Sales totaled 1,500 units.
Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).
a companys data is presented below. desired ending inventory is a consistent percentage of the next quarters sales and
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