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can you illustrate me Ending inventory and cost of good sold by using three method of FIFO , LIFO , weighted Average. The following information
can you illustrate me Ending inventory and cost of good sold by using three method of FIFO , LIFO , weighted Average.
The following information is for Fair Trader Company for the month of May. Fair Trader uses a perpetual inventory system May 1 May 5 May 6 May 12 May 23 May 28 10 units were purchased at $30 per unit 20 units were purchased at $32 per unit 25 units were sold for $50 per unit 20 units were purchased at $40 per unit 25 units were purchased at $44 per unit 20 units were sold for $50 per unit Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Ending Inventory Gout of Goods Sold
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