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A company made the following merchandise purchases and sales during the current month: July 1 purchased 380 units at $15 each July 5 purchased 270
A company made the following merchandise purchases and sales during the current month:
July 1 purchased 380 units at $15 each
July 5 purchased 270 units at $20 each
July 9 sold 500 units at $60 each
July 14 purchased 300 units at $24 each
July 20 sold 250 units at $60 each
July 30 purchased 250 units at $30 each
There was no beginning inventory.
What is the Cost of Goods Sold for each sale under FIFO?
What is the Cost of Goods Sold for each sale under LIFO?
What is the Cost of Goods Sold for each sale under Weighted Average?
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