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FILLO, Inc

Question 97

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FILLO, Inc.’s inventory activity in May 2011 was as follows:
FILLO, Inc.’s inventory activity in May 2011 was as follows: Part A: Record the effect of the above inventory activity on the accounting equation assuming perpetual weighted average cost is used. Part B: Record the effect of the above inventory activity on the accounting equation assuming perpetual first-in, first-out (FIFO) is used. Part C: Using the information from Parts A and B above,for each item,write in the amount (even if $0)as of or for the Month Ended May 31,2011.Write in the one financial statement where the line item is found.
Part A: Record the effect of the above inventory activity on the accounting equation assuming perpetual weighted average cost is used.
FILLO, Inc.’s inventory activity in May 2011 was as follows: Part A: Record the effect of the above inventory activity on the accounting equation assuming perpetual weighted average cost is used. Part B: Record the effect of the above inventory activity on the accounting equation assuming perpetual first-in, first-out (FIFO) is used. Part C: Using the information from Parts A and B above,for each item,write in the amount (even if $0)as of or for the Month Ended May 31,2011.Write in the one financial statement where the line item is found.
Part B: Record the effect of the above inventory activity on the accounting equation assuming perpetual first-in, first-out (FIFO) is used.
FILLO, Inc.’s inventory activity in May 2011 was as follows: Part A: Record the effect of the above inventory activity on the accounting equation assuming perpetual weighted average cost is used. Part B: Record the effect of the above inventory activity on the accounting equation assuming perpetual first-in, first-out (FIFO) is used. Part C: Using the information from Parts A and B above,for each item,write in the amount (even if $0)as of or for the Month Ended May 31,2011.Write in the one financial statement where the line item is found.
Part C: Using the information from Parts A and B above,for each item,write in the amount (even if $0)as of or for the Month Ended May 31,2011.Write in the one financial statement where the line item is found.
FILLO, Inc.’s inventory activity in May 2011 was as follows: Part A: Record the effect of the above inventory activity on the accounting equation assuming perpetual weighted average cost is used. Part B: Record the effect of the above inventory activity on the accounting equation assuming perpetual first-in, first-out (FIFO) is used. Part C: Using the information from Parts A and B above,for each item,write in the amount (even if $0)as of or for the Month Ended May 31,2011.Write in the one financial statement where the line item is found.

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