Alfa INC began January 2021 with 20 units of iron inventory that cost 15 euro each. During January, the company completed the following inventory transactions: Date Activity Units Units Cost January 3...

Alfa INC began January 2021 with 20 units of iron inventory that<br>cost 15 euro each. During January, the company completed the<br>following inventory transactions:<br>Date<br>Activity<br>Units<br>Units Cost<br>January 3<br>Sale<br>15<br>January 8<br>Purchase<br>75<br>25 euro<br>January 21<br>Sale<br>40<br>January 30<br>Purchase<br>50<br>30 euro<br>Prepare a perpetual inventory record for the merchandise inventory<br>using the:<br>1.<br>FIFO<br>2.<br>LIFO<br>Weighted average method<br>determine the cost of the good sold, comparing the three<br>methods above.<br>determine the residual value of the inventory.<br>3.<br>

Extracted text: Alfa INC began January 2021 with 20 units of iron inventory that cost 15 euro each. During January, the company completed the following inventory transactions: Date Activity Units Units Cost January 3 Sale 15 January 8 Purchase 75 25 euro January 21 Sale 40 January 30 Purchase 50 30 euro Prepare a perpetual inventory record for the merchandise inventory using the: 1. FIFO 2. LIFO Weighted average method determine the cost of the good sold, comparing the three methods above. determine the residual value of the inventory. 3.

Jun 10, 2022

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Alfa INC began January 2021 with 20 units of iron inventory that cost 15 euro each. During January, the company completed the following inventory transactions: Date Activity Units Units Cost January 3...

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