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Can you help me with this? Madison Outlet has the following inventory transactions for the year Madison Outlet has the following inventory transactions for the
Can you help me with this?
Madison Outlet has the following inventory transactions for the yearMadison Outlet has the following inventory transactions for the year: Date January 1 March 14 January 1 to December 31 Transaction Beginning inventory Purchase Total sales to customers Numbers of Units 10 15 12 Unit Cost $200 300 Total Cost $2,000 4 500 $6,500 2. 3. 5. 6. What amount would Madison report for Cost of Goods Sold using FIFO? What amount would Madison report for ending inventoo.' using FIFO? What amount would Madison report for Cost of Goods Sold using LIFO? What amount would Madison report for ending inventoo.' using LIFO? What amount would Madison report for Cost of Goods Sold using weighted-average cost? What amount would Madison report for ending inventoo.' using weighted-average cost? Please show your steps of calculations.
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