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Periodic inventory by three methods M90 M90 Q70 Q70...

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Accounting

Periodic inventory by three methods M90
M90
Q70
Q70
Total
Determine the cost of the inventory on December 31 by the last-in, first-out method.
different costs, enter the OLDEST units first.
Dymac Appliances
Cost of the Inventory-LIFO Method
December 31
Determine the cost of the inventory on December 31 by the weighted average cost method. Determine the cost of the inventory on December 31 by the weighted average cost method.
Dymac Appliances
Cost of the Inventory-Weighted Average Method
December 31
4a. Which inventory method would be preferred for income tax purposes in periods of rising prices?
4b. Which inventory method would be preferred for income tax purposes in periods of declining prices?
summarized as follows:
Required:
Determine the cost of the inventory on December 31 by the first-in, first-out method.
different costs, enter the units PURCHASED MOST RECENTLY first.
Dymac Appliances
Cost of the Inventory-FIFO Method
December 31
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