Problem 11-4 (IAA) Gross Company provided the following purchases and sales for the month of March: 000 Units Unit cost March 1 Beginning 6 Purchase 14 Purchase 25 Purchase March 9 Sale 31 Sale 270...

Problem 11-4 (IAA)<br>Gross Company provided the following purchases and sales<br>for the month of March:<br>000<br>Units<br>Unit cost<br>March 1 Beginning<br>6 Purchase<br>14 Purchase<br>25 Purchase<br>March 9 Sale<br>31 Sale<br>270<br>1,000<br>3,000<br>6,000<br>250<br>280<br>210<br>4,000<br>2,000<br>8,000<br>Required: COs of<br>Assuming the entity used perpetual system, compute ending<br>inventory and cost of goods sold under:<br>1. FIFO<br>て.て<br>3,030, 00<br>2. Moving average 4 to O0 50<br>323<br>257.50<br>1,01000<br>

Extracted text: Problem 11-4 (IAA) Gross Company provided the following purchases and sales for the month of March: 000 Units Unit cost March 1 Beginning 6 Purchase 14 Purchase 25 Purchase March 9 Sale 31 Sale 270 1,000 3,000 6,000 250 280 210 4,000 2,000 8,000 Required: COs of Assuming the entity used perpetual system, compute ending inventory and cost of goods sold under: 1. FIFO て.て 3,030, 00 2. Moving average 4 to O0 50 323 257.50 1,01000

Jun 09, 2022

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Problem 11-4 (IAA) Gross Company provided the following purchases and sales for the month of March: 000 Units Unit cost March 1 Beginning 6 Purchase 14 Purchase 25 Purchase March 9 Sale 31 Sale 270...

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