Essay
Connect has been selling cellular phones for the last five years. Its best-selling model is the E-PHONE, and costs have been falling quickly recently (although selling prices to Connect's customers are stable). The following information pertains to the E-PHONE inventory for August 2013:
Required:
a. If Connect uses the FIFO method under a periodic inventory system, what would be the cost of ending inventory for August 2013?
b. If Connect uses the weighted-average method under a periodic inventory system, what would be the cost of goods sold for August 2013?
c. If Connect uses the weighted-average method under a perpetual inventory system, what would be the cost of ending inventory for August 2013?
Correct Answer:
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a. 
_TB2820_00 b.
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Correct Answer:
Verified
_TB2820_00 b.COGAS / units available...
View Answer
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