produces the higher cash flow? ventory valuation? 35 240 $11,500 Date Units Unit Cost 50...
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produces the higher cash flow? ventory valuation? 35 240 $11,500 Date Units Unit Cost 50 $230 6 and answer questions Total Cost 9 8,400 (55) LOS 40 245 P6-4B BigFishTackle Co. Ltd. reports the following inventory transactions for its fishing rods for the month of April. The Apply perpetual FIFO company uses a perpetual inventory system. about effects. Explanation (LO 2,3) Apr. 1 Beginning inventory Purchases Sales Purchases 9,800 Sales (50) Stadio0ER 7,500 Purchases 000 Hilo po Instructions in 00000000000 (a) Determine the cost of goods sold and cost of ending inventory using FIFO. alzog kristna to dnes vente (b) Assume that BigFishTackle wants to change to the average cost formula. What guidelines must it consider before making this change? (c) If the company does change to the average cost formula and prices continue to rise, would you expect the cost of 14 20 28 000.000 30 250 000.000 goods sold and ending inventory amounts to be higher or lower than these amounts when using FIFO
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