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  3. problem 63a sekhon company had a beginning inventory on january...

Question: problem 63a sekhon company had a beginning inventory on january...

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Problem 6-3A Sekhon Company had a beginning inventory on January 1 of 197 units of Product 4-18-15 at a cost of $22 per unit. During the year, the following purchases were made. Mar. 15 492 units at $24 Sept. 4 406 units at $29 July 20 308 units at 25 Dc. 2 123 units at $31 1,230 units were sold. Sekhon Company uses a periodic inventory system. Determine the cost of goods available for sale The cost of goods available for sale 39429 s LINK TO TEXT VIDEO: SIMILAR PROBLEM Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit 25.838 LINK TO TEX VIDEO: SIMILAR PROBLEMDetermine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to O decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold LINK TO TEXT VIDEO: SIMILAR PROBLEM Which cost flow method results in (1) the highest inventory amount for the balance sheet, and (2) the highest cost of goods sold for the income statement? results in the highest inventory amount, $ produces the highest cost of goods sold, Click if you would like to Show Work for this question: Open Show Work LINK TO TDT VIDEO: SIMILAR PROBLEM By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor

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