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(a) Using specific identification, calculate the cost of the ending inventory and cost of goods sold. (b) Using FIFO, calculate the cost of the ending
(a) Using specific identification, calculate the cost of the ending inventory and cost of goods sold.
(b) Using FIFO, calculate the cost of the ending inventory and cost of goods sold.
unting II Assignment Chapter 6 DUE - Monday, January 14th, 2019 @ 8:30 am A company made the following purchases during the yesrs 1. Jan. 10 15 units at $390 Mar. 15 25 units at $420 Apr. 25 10 units at $450 July 3020 units at $480 Oct. 10 15 units at $510 her 31, there were 28 units in ending inventory. nDece anuary 10 shipment, 2 from the March 15 shipment, 5 from the April 25 the 15 from the July 30 shipment, and 5 from the October 10 shipment. On December ,ed These 28 units consisted of I sh ising specific identification, calculate the cost of the ending inventory and cost of goods sold sing FIFO, calculate the cost of the ending inventory and cost of goods soldStep by Step Solution
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