1) What is the ending inventory on a FIFO basis 2) What is the cost of goods sold on a FIFO basis 3) What is the ending invest on a LIFO basis 4) Ehat is the cost of goods sold on a LIFO basis 5) What is the ending inventory on a weighted average basis 6) What is the cost of goods sold on a weighted average basis The following inventory records are from Blitzer Company, which keeps its inventory on a periodic basis Beginning Inventory 11 1 Purchase 11 12 Purchase 11 18 Purchase 11 23 Unlts Unit Cost 500 6 20 300 1,000 6 30 200 6 40 There were 1,400 units sold during the period Use this information to answer the following

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Question: 1) What is the ending inventory on a FIFO basis? 2) What is the cost of goods sold on a FIFO basis? 3) What is

1) What is the ending inventory on a FIFO basis?

2) What is the cost of goods sold on a FIFO basis?

3) What is the ending invest on a LIFO basis?

4) Ehat is the cost of goods sold on a LIFO basis?

5) What is the ending inventory on a weighted average basis?

6) What is the cost of goods sold on a weighted average basis? 1) What is the ending inventory on a FIFO basis? 2)

The following inventory records are from Blitzer Company, which keeps its inventory on a periodic basis: Beginning Inventory 11/1 Purchase: 11/12 Purchase: 11/18 Purchase: 11/23 Unlts Unit Cost 500 6.20 300 1,000 6.30 200 6.40 There were 1,400 units sold during the period. Use this information to answer the following

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