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Assume Ava Co. has the following purchases of inventory during the first month of operations First Purchase Second Purchase Number of Units 140 105 Cost
Assume Ava Co. has the following purchases of inventory during the first month of operations First Purchase Second Purchase Number of Units 140 105 Cost per unit 2.4 | 4.7 Assuming Ava Co sells 120 units at $14 each, what is the cost of goods sold if they use LIFO? Assume Noah Co. has the following purchases of inventory during their first month of operations Cost per unit Number of Units 13 41 First Purchase Second Purchase 12.8 | 3.1 Assuming Noah Co. sells 27 units at $10 each, what is the ending dollar balance in the inventory account if they use FIFO? Assume Emma Co. has the following purchases of inventory during their first month of operations Number of Units Cost per unit First Purchase 15 Second Purchase 43 Assuming Emma Co. sells 37 units at $11 each, what is the cost of goods sold if they use FIFO? Assume Ava Co. has the following purchases of inventory during the first month of operations First Purchase Second Purchase Number of Units | 332 205 Cost per unit 3.5 4.5 Assuming Ava Co sells 335 units at $11 each, what is the ending balance in the inventory account if they use LIFO
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