Please explain how you found each part of your answer. 2. Matlock Corporation sells...
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Accounting
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2. Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the six months of 2018 . Required: a. Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. b. Compute the ending inventory at June 30 under the periodic LIFO inventory pricing method. c. Compute the cost of goods sold for the first six months under the perpetual FIFO inventory pricing method. d. Compute the cost of goods sold for the first six months under the periodic FIFO inventory pricing method. 2. Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the six months of 2018 . Required: a. Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. b. Compute the ending inventory at June 30 under the periodic LIFO inventory pricing method. c. Compute the cost of goods sold for the first six months under the perpetual FIFO inventory pricing method. d. Compute the cost of goods sold for the first six months under the periodic FIFO inventory pricing methodGet Answers to Unlimited Questions
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