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Riverside Ltd

Question 23

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Riverside Ltd. uses a perpetual inventory system and had the following activity for a single inventory item: Riverside Ltd. uses a perpetual inventory system and had the following activity for a single inventory item: Instructions Using the perpetual system, determine the ending inventory and cost of goods sold under: a) FIFO b) Weighted-average (round unit cost to nearest cent) Show your work. Instructions
Using the perpetual system, determine the ending inventory and cost of goods sold under:
a) FIFO
b) Weighted-average (round unit cost to nearest cent)
Show your work.

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