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Sales 1600 units Beginning Inventory 500 units @$4 purchases, in chronilogical order 600 units @$5 800 units @$6 400 units @$8 A. Calculate cost of goods sold and ending inventory under the following cost flow assumptions ( using a periodic inventory system): 1. FIFO 2. LIFO 3. Weighted average. Round the unit cost answer to two decimal places and ending inventory to the nearest $10. B. Assume that net income using the weighted-average cost flow assumption is $58,000. Calculate net income under FIFO and LIFO.
yellow company uses a plantwide overhead rate with machine hours as the allocation base. use the following information
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Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?
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