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Can anyone help me with this problem? Thank you so much! Consider the following information for M Company, which uses a perpetual inventory system: Cost
Can anyone help me with this problem? Thank you so much!
Consider the following information for M Company, which uses a perpetual inventory system: Cost Total Cost Transaction Units Unit January 1 Beginning Inventory 22 S72 1,584 32 78 March 28 Purchase 2,496 August 22 Purchase 82 3,608 4,312 October 14 Purchase 88 49 12,000 147 Goods Available for Sale The company sold 49 units on May 1 and 44 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. a. FIFO Ending inventory Cost of Goods SoldStep by Step Solution
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