Homework Answers
| Units | Rate | Amount | |
| Balance from October 30th purchase | 300 | $ 14 | $ 4,200 |
| Ending inventory | 300 | $ 4,200 |
Answer is A. $4,200
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identification: (1) January 15 sale—200 units @ $14, (2)
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Garrett Company has the
following transactions during the months of April and May:
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Required: 1. Compute the inventories at the end of each month
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(1.) What is the Cost of Good Available for Sale ? How many
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(2.) Using the Periodic System,
determine Cost of Goods Sold (COGS) and Ending Inventory using one
of the methods: Specific Identification, Weighted Average, FIFO or
LIFO. Show your...
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