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(Solved by Expert Tutors) Pearl Industries had a beginning inventory of?93?units of Product RST at

year, purchases were:

Feb. 20589units at$9Aug. 12425units at$11
May 5480units at$10Dec. 892units at$12

Pearl Industries uses a periodic inventory system. Sales totaled?1,525?units.

a)?Determine the cost of goods available for sale.
The cost of goods available for sale$

(b)?Calculate Average Cost.?(Round answer to 3 decimal places, e.g. 5.125.)
Average Cost$

(b) Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).?(Round answers to 0 decimal places, e.g. 150.)

The ending inventory$ $ $
The cost of goods sold$ $


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