Use this information to answer the following questions ROK Company uses the PERIODIC...
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Accounting
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ROK Company uses the PERIODIC inventory system and had the following information for :
Beginning Inventory: units @ $
Purchase: March : units @ $
Purchase: July : units @ $
Purchase: October : units @ $ each
Units sold during the year amounted to units.
What is the value assigned to ending inventory using:
The average cost method
FIFO Costing
LIFO Costing
What is the value of ending inventory using specific ID costing method? Assume that units are from the March purchase and the remaining units are from the July purchase
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