Musicyear specialices in sound equipment. Company reconds indicate the following data for a line of...
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Accounting
Musicyear specialices in sound equipment. Company reconds indicate the following data for a line of speakers (Cick the icon to view the data.) Read the requiremonts Requirement 1. Dotermine the amounts that MusicYear should report for cost of goods sold and ending inventory two ways: a. FiFO and b. LFF. OMusicYear uses a perpetual invention system Start by determining the amounts that Music Year should repert for cost goods sold and ending inventory under a. FIFO FIFO method cost of goods sold = FIFO method ending inventory = Data table
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