Solution-Complete the income statements and the cost of

Complete the income statements and the cost of goods sold

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Reference no: EM133111619

Question - Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 1,500 units at $25; purchases, 3,000 units at $28; operating expenses (excluding income taxes), $94,000; ending inventory per physical count at December 31, 1,000 units; sales price per unit, $75; and average income tax rate, 30%.

Required - Complete the income statements and the cost of goods sold calculation under the FIFO, LIFO, and weighted average costing methods.

Reference no: EM133111619

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Complete the income statements and the cost of goods sold

Reference no: EM133111619

Reference no: EM133111619

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