Question:The accounting records of Skysong, Inc. show the following
data.
Beginning inventory
3,230 units at
$6...
Question
The accounting records of Skysong, Inc. show the following
data.
Beginning inventory
3,230 units at
$6...
The accounting records of Skysong, Inc. show the following
data.
Beginning inventory
3,230 units at
$6
Purchases
8,620 units at
$8
Sales
10,067 units at
$11
Calculate average unit cost. (Round answer to 3
decimal places, e.g. 5.125.)
Average unit cost
$
per unit
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Determine cost of goods sold during the period under a periodic
inventory system using the FIFO method, the LIFO method, and the
average-cost method. (Round answers to 0 decimal
places, e.g. 125.)