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Ch 6 K Question 2, P6-64A (similar to) Part 1 of 6 HW Score: 0%, 0 of 7 points Points: 0 of 1 Save
Ch 6 K Question 2, P6-64A (similar to) Part 1 of 6 HW Score: 0%, 0 of 7 points Points: 0 of 1 Save Armed Forces Surplus began July 2021 with 100 stoves that cost $10 each. During the month, the company made the following purchases at cost (Click the icon to view the purchases.) The company sold 319 stoves, and at July 31, the ending inventory consisted of 51 stoves. The sales price of each stove was $44. Read the requirements Requirement 1. Determine the cost of goods sold and ending inventory amounts for July under the average-cost, FIFO, and LIFO costing methods. Round the average cost per unit to two decimal places, and round all other amounts to the nearest dollar. Number of units Average cost Cost of goods sold Ending inventory
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