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Computing Cost of Goods Sold and Ending Inventory Bartov Corporation reports the following beginning inventory and purchases for 2017: Beginning inventory $10 each $4,000 400
Computing Cost of Goods Sold and Ending Inventory Bartov Corporation reports the following beginning inventory and purchases for 2017: Beginning inventory $10 each $4,000 400 Inventory purchased 700 $12 each 8,400 Cost of goods available 1,100 units $12,400 Bartov sells 600 of these units in 2017. Compute its cost of goods sold for 2017 and the ending inventory reported on its 2017 balance sheet under each of the following inventory costing methods: (Do not round until your final answer. Round to the nearest whole number.) Average cost FIFO LIFO Cost of goods sold Ending inventory
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