Please assist with the following: Computing Cost of Sales...
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Accounting
Please assist with the following:
Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period: Units Unit cost Beginning inventory 100 $46 Purchases #1 650 42 #2550 38 #3200 36 Ending inventory at the end of this period is 350 units. Compute the ending inventory and the cost of goods sold for the current period using (a) first-in, first-out, (b) average cost, and (c) last-in, first-out. FIFO Average cost LIFO Cost of goods sold Ending inventory
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