Boyce Companyâ€™s beginning inventory and purchases d
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Boyce Companyâ€™s beginning inventory and purchases during the fiscal year ended September 30, 20-2, were as foll
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Boyce Companyâ€™s beginning inventory and purchases during the fiscal year ended September 30, 20-2, were as follows:
Use the following information for the specific identification method. There are 900 units of inventory on hand on September 30, 20-2. Of these 900 units: 50 are from October 18, 20-1 ... 1st purchase 300 are from January 12, 20-2 .... 3rd purchase 100 are from March 17 ...... 4th purchase 200 are from June 2 ........ 5th purchase 50 are from August 21 ....... 6th purchase 200 are from September 27 ...... 7th purchase REQUIRED Calculate the total amount to be assigned to the cost of goods sold for the fiscal year ended September 30, 20-2, and ending inventory on September 30, 20-2, under each of the following periodic inventory methods: 1. FIFO 2. LIFO 3. Weighted-average (round calculations to two decimal places) 4. Specificidentification
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