Calculate ending inventory for FIFO and weighted average cost flow assumptions under both periodic and...
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Accounting
Calculate ending inventory for FIFO and weighted average cost flow assumptions under both periodic and perpetual systems.
| Â | Units | cost/price |
| opening inventory | 10500 | $4.25 |
| Sale #1 | (7500) | $7.50 |
| Purchase #1Â | 2500 | $4.45 |
| Sale #2 | (4500) | $7.75 |
| Purchase #2 | 3500 | $4.15 |
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