ACC 205 Week 3 Exercise 4 Inventory valuation methods computations and concepts

ACC 205 Week 3 Exercise 4 Inventory valuation methods computations and conceptsProduct DescriptionInventory valuation methods: computations and concepts. Wave Riders Surfboard Company began business on January 1 of the current year. Below are the transactions for the year 1/3:Purchase 100 boards @$1253/17:Sold 50 boards @ $2504/3:Purchase 200 boards @$1355/17:Sold 75 boards @ $2506/3:Purchase 100 boards @$1451/3:Purchase 100 boards @$1553/17:Sold 300 boards @ $2501/3:Purchase 100 boards @$140Wave Riders uses a perpetual inventory system.InstructionsCalculate cost of goods sold, ending inventory, and gross profit under each of the following inventory valuation methods:First-in, first-outLast-in, first-outWeighted averageWhich of the three methods would be chosen if management’s goal is to(1) produce an up-to-date inventory valuation on the balance sheet?(2) approximate the physical flow of a sand and gravel dealer? Follow this link to get a similar paper written from scratchPlace an order for this assignment or any other paper with us. We guarantee that the paper will be delivered within the specified deadline. We also have a personalized customer support and you will be able to communicate with your writer throughout the order preparation process. Thank you for choosing us.

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