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1. 1b. Ending inventory? ...

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Accounting

1. image
1b. Ending inventory?
2. LIFO.
Cost of goods sold?
2b. Ending inventory?
3. Weighted average? ( round calculations to nearest whole dollar)
Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 70 units at $30 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 162-unit purchase at $34 per unit; the second was a 200-unit purchase at $36 per unit. During the period, it sold 276 chairs. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses a. FIFO. Cost of Goods Sold Unit Cost Cost of FIFO Units 1 of 2 Next >

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