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Armed Forces Suppllus sold 295 tents, and at March 31, the ending inventory consists of 54 tents. The sale price of each tent was $45.Determine
Armed Forces Suppllus sold 295 tents, and at March 31, the ending inventory consists of 54 tents. The sale price of each tent was $45.Determine the cost of goods sold and endinginventory amounts for March under the average cot, FIFO cost, and LIFO.
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Step: 1
Average Units FIFO LIFO cost 6080 1140 Cost of goods sold 320 5660 6620 Ending Inventory 60 1560 600 ...
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Step: 2
Step: 3
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