The Following Information Is Available for Crystal Company Required:
Answer the Following Questions for Crystal Company:
A Jan
The following information is available for Crystal Company:
Required:
Answer the following questions for Crystal Company:
a. If FIFO is in use, what is the ending invent ory in doilars?
b. If periodic LIFO is in use, what is the cost of goods sold?
c. If moving average is in use, what is the ending inventory in dollars (round calculations to nearest cent)?
d. If weighted average is in use, what is the ending inventory in dollars (round unit cost to the nearest cent)
Correct Answer:
Verified
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