Posted: December 12th, 2021

practice: connect knowledge check – accounting

Example:
Hemming uses a perpetual inventory system.

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1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.
2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.
3. Compute the gross margin for FIFO method and LIFO method. 

Steps

Log In (Will Provide) 

Go to Class – ACC/291T

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Wk 2 – Practice: Connect Knowledge Check [due Day 5]

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