Just need part C figured out Flounder Appliance uses a perpetual inventory system. For...
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Just need part C figured out
Flounder Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $610 each. On January 10, Flounder purchased 6 units at $705 each. The company sold 2 units on January 8 and 4 units on January 15. (a) Your answer is correct. Compute the ending inventory under FIFO. eTextbook and Media Attempts: 3 of 5 used (b) Your answer is correct. Compute the ending inventory under LIFO. Compute the ending inventory under moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.521 and final answer to 0 decimal places, e.g. 1,250.)
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