Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Apr 2018 My Price 4.00

Manion Candies

In its first month of operations, Manion Candies made three purchases of merchandise in the following sequence: (1) 300 pounds of premium chocolate at $6 per pound, (2) 400 additional pounds at $7 per pound, and (3) 300 pounds at $8 per pound. Assuming there are 450 pounds on hand, computer the cost of the ending inventory under the (a) FIFO method, (b) LIFO method. Manion uses a periodic inventory system, (c) computer the cost of inventory under the average cost method, assuming there are 450 pounds on hand.

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Apr 2018 08:04 PM My Price 4.00

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