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Bulltime, Inc., sells gold jewelry. A particular pendant Crux had the following beginning inventory for 2021: On 1-1-2021, 33 units were in stock, bought at
Bulltime, Inc., sells gold jewelry. A particular pendant "Crux had the following beginning inventory for 2021: On 1-1-2021, 33 units were in stock, bought at $ 280 each. Purchases of Crux during the year consisted of the following in the order listed): on 2-1-2021, 12 were bought for $290, on 3-2-2021, 28 were bought for $300, and finally on 4-4-2021, 27 were bought for $ 310. Sales during the year for Crux were 70 total sold for $ 600 each, the sales occurred on the following days: on 1-15-2021, 22 units were sold, on 2-15-2021, 16 were sold, on 3-15-2021, 14 more were sold and on 4-15-2021,18 were sold. Using a perpetual inventory assumption, compute the cost of goods sold for the year 2021, and the ending inventory totals for 12-31-2021, using the following alternatives: A. FIFO, B.LIFO, and C. (Moving) Average cost, rounding the per unit costs to the nearest cent
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