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PROBLEM V (10%) Wally's Wallet World opened for business on Jan. 1,2017. During 2017 he...

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Accounting

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PROBLEM V (10%) Wally's Wallet World opened for business on Jan. 1,2017. During 2017 he purchased the following: Jan. 1 May 1 Nov.1 90 units@ S60 5400 1 10 units @ $70 2. $ 7700 100 units@$80 $8000 A physical count of the inventory inventory on Dec. 3 1, 2017 showed that 130 wallets remained in REQUIRED Calculate Cost of Goods Sold under: A) FIFO B) LIFO C) Average-Cost

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