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  3. calculate the following: 1. cost of goods sold and

Calculate the following: 1. Cost of Goods Sold and Ending Inventory for each of the...

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Question

Accounting

Calculate the following:

1. Cost of Goods Sold and Ending Inventory for each of the following methods:

a. FIFO

b. LIFO

c. Weighted Average

Units Unit Cost

7/1 Beginning Inventory 100 10

7/5 Purchases 500 15

7/15 Sales 400

7/20 Purchases 200 20

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