Blue Ltd. uses the perpetual inventory system and reports the following inventory transactions for the...

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Accounting

Blue Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June:
(a)
Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) average cost. (Round average cost per
unit and final answers to 2 decimal places, e.g.1.25 or 5,275.25.)
FIFO
Cost of goods sold
Average Cost
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