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asap!! The Gus Company wants you to show them 3 different methods of calculating inventory. You must show calculations or you will be punished. Beginning
asap!!
The Gus Company wants you to show them 3 different methods of calculating inventory. You must show calculations or you will be punished. Beginning inventory Jan. 1100 units $14 each =$1,400 Purchases Jan. 5600 units @$15 each =$9,000 Jan. 19500 units @$16 each =$8,000 Sales: 1,300 units Available 2,000 units @$17 each =$13,600 REQUIRED: Calculate both cost of goods sold and cost of ending inventory under: A. FIRST-IN FIRST-OUT B. LAST-IN FIRST-OUT C. WEIGHTED AVERAGE Step by Step Solution
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