Computing Cost of Goods Sold and Ending Inventory Under FIFO, LIFO, and Average Cost Wong...
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Computing Cost of Goods Sold and Ending Inventory Under FIFO, LIFO, and Average Cost Wong Corporation reports the following beginning inventory and inventory purchases. Wong sells 840 of its inventory units during the year. Compute the cost of goods sold for the year and the inventory on the year-end balance sheet under the following inventory costing methods. Note: Do not round until your final answer. Note: Round your final answers to the nearest whole dollar
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