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at the ena or the year, as it it uses a perioaic inventory system. Assume its accounting recoras proviaea the roliowing intormation at the end
at the ena or the year, as it it uses a perioaic inventory system. Assume its accounting recoras proviaea the roliowing intormation at
the end of the annual accounting period, December
Required:
Calculate the number and cost of goods available for sale.
Calculate the number of units in ending inventory.
Compute the cost of ending inventory and cost of goods sold under a FIFO, b LIFO, and c weighted average cost.
Prepare an income statement that shows under the FIFO method, LIFO method and weighted average method.
Complete this question by entering your answers in the tabs below.
Calculate the number and cost of goods available for sale.
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