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A company made the following merchandise purchases and sales during the month of May: May 1 Beginning Inventory --> 380 units at $15 each May
A company made the following merchandise purchases and sales during the month of May:
May 1 Beginning Inventory --> 380 units at $15 each
May 5 purchase --> 270 units at $17 each
May 20 purchase --> 300 units at $22 ach
At the end of the period there were 150 units left in ending inventory. Calculate the cost of Ending Inventory and Cost of Goods Sold for: (1) FIFO, (2) LIFO, (3) Weighted Average
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