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Calculate the three Inventory methods!!! Purchase Date Quantity Price Total Begin 100 * $20 = $2,000 850 units were used during this inventory count Mar
Calculate the three Inventory methods!!! | |||||||||
Purchase Date | Quantity | Price | Total | ||||||
Begin | 100 | * | $20 | = | $2,000 | 850 units were used during this inventory count | |||
Mar 15 | 300 | * | $24 | = | $7,200 | ||||
July 20 | 200 | * | $25 | = | $5,000 | ||||
Sep 4 | 300 | * | $28 | = | $8,400 | ||||
Dec 2 | 100 | * | $30 | = | $3,000 | ||||
1,000 | $25,600 | ||||||||
Using FIFO | |||||||||
Ending Inventory | |||||||||
Cost of Goods Sold | |||||||||
Using LIFO | |||||||||
Ending Inventory | |||||||||
Cost of Goods Sold | |||||||||
Using Weighted Average | |||||||||
Total Costs | = | ||||||||
Total Units | |||||||||
Ending Inventory | Ending Inventory | ||||||||
Cost of Goods Sold | Cost of Goods Sold | ||||||||
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