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Beginning inventory, purchases, and sales data for T - shirts are as follows: April 3 Inventory 2 4 units @ $ 1 0 April 1
Beginning inventory, purchases, and sales data for Tshirts are as follows: April Inventory units @ $ April Purchase units @ $ April Sale units April Purchase units @ $ April Sale units Assuming the business maintains a periodic inventory system, determine the cost of goods sold and ending inventory using the following methods: a FIFO b LIFO c Weighted average cost In your computations, round the average cost per unit to two decimal places and round your final answers to the nearest dollar.
Beginning inventory, purchases, and sales data for Tshirts are as follows:
April Inventory
units
@ $
April Purchase
units
@ $
April Sale
units
April Purchase
units
@ $
April Sale
units
Assuming the business maintains a periodic inventory system, determine the cost of goods sold and ending inventory using the following methods:
a FIFO
b LIFO
c Weighted average cost
In your computations, round the average cost per unit to two decimal places and round your final answers to the nearest dollar.
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