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2. Gladstone Company tracks the number of units purchased and sold throughout each accounting period and it uses a periodic inventory system Units 170 Unit

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2. Gladstone Company tracks the number of units purchased and sold throughout each accounting period and it uses a periodic inventory system Units 170 Unit Cost $ 32 Transactions Beginning inventory, January 1 Transactions during the year. Purchase on March 2 Purchase on June 30 d. Cash sale, August 1 ($48 each) a. C. 330 220 (400) 34 38 Requirements: 1. Compute the cost of goods available for sale Units Cost per Unit Total costs 11 Beginning Inventory Purchase on March 2 Purchase on June 30 X Goods Available for Sale 2. How many units are sold? 3. How many units are unsold? 4. Calculate cost of ending inventory (EI), and cost of goods sold (COGS) at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places; show me your calculation steps) a. FIFO COGS EIN b. LIFO COGS EIE Weighted Average COGS EI

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