Inventory Costing & Periodic and Perpetual Inventory Systems
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Jordan Company is a manufacturing firm. Presented below is information concerning one of its products: Use the ACT350_CTTemplate_Mod5_option1.xlsx file (in the module folder) to compute the cost of goods sold under the following situations: Periodic system, FIFO cost flow Perpetual system, FIFO cost flow Periodic system, LIFO cost flow Perpetual system, LIFO cost flow Periodic system, weighted-average cost flow Perpetual system, moving-average cost flow Your answers must be submitted in an Excel file and must show all calculations used to arrive at the final answers. Summarize the cost of goods sold in a one-page memo to Jordan Corporation’s CEO.
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