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  3. bartov sells 600 of these units in 2017. compute i

Bartov sells 600 of these units in 2017. Compute its cost of goods sold for...

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Accounting

Bartov sells 600 of these units in 2017. Compute its cost of goods sold for 2017 and the ending inventory reported on its 2017 balance sheet under each of the following inventory costing methods: image

FIFO LIFO Average cost
Cost of goods sold Answer Answer Answer
Ending inventory Answer Answer Answer
\begin{tabular}{|l|r|r|r|r|r|} \hline Beginning inventory & 300 & @ & $6 & each & $1,800 \\ \hline Inventory purchased & 700 & @ & $8 & each & 5,600 \\ \hline Cost of goods available & 1,000 & units & & & $7,400 \\ \hline \end{tabular}

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