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Home Q & A Board Other Fields Homework Help Business Accounting
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StormLrd StormLrd
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6 years ago
Inventory data for Freezer Burn Corporation for the year ended December 31, 2013, are as follows:

Beginning inventory   50 units at $150 each
March 31 purchase   50 units at $155 each
1st quarter sales   60 units
June 30 purchase   55 units at $160 each
2nd quarter sales   70 units
September 30 purchase   60 units at $170 each

Compute the perpetual ending inventory balance on December 31, 2013, using:
a.   FIFO
b.   Weighted-average
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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AlexmosutheAlexmosuthe
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