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Purdy Company is in the electronics industry

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Purdy Company is in the electronics industry 1 Wang Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 300 ¥500 ¥150,000 12 Purchase 450 600 270,000 23 Purchase 750 700 525,000 30 Inventory 180 Instructions (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and a(2) LIFO. (b) Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. 2 Purdy Company is in the electronics industry and the price it pays for inventory is decreasing. Instructions Indicate which inventory method will: a. provide the lowest ending inventory. b. provide the highest cost of goods sold. c. result in the highest net income. d. result in the lowest income tax expense. e. produce the most stable earnings over several years. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Purdy Company is in the electronics industry

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