Car Amour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and

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Car Amour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2017 follows:
Jan. 1 Beginning inventory. Jan. 10 Sold. Mar. 7 Purchased. 120 units $6.50 $ 780 1,050 70 units $15.00 250 units $5.80

Click here for a description of Table: Exercise 6-5.
Required
1. Calculate the total goods available for sale (in units
2. Calculate the number of units sold and units remaining in ending inventory.
3. Determine the share of the cost of goods available for sale calculated in Part 1 that should be assigned to ending inventory and to goods sold under:
a. FIFO
b. Moving weighted average

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a parti
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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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