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Computing Cost of Goods Sold and Ending Inventory Under FIFO, LIFO, and Average Cost Assume that Gode Company reports the following initial balance and subsequent
Computing Cost of Goods Sold and Ending Inventory Under FIFO, LIFO, and Average Cost
Assume that Gode Company reports the following initial balance and subsequent purchase of inventory:
tableBeginning inventory,units,@$ each,$Inventory purchased during the year,units,@ $ each,Cost of goods available for sale during the year,units,,$
Round your answers to the nearest dollar.
tableaFIFO,,Cost of Good Sold,$Ending Inventory,$bLIFO,,Cost of Good Sold,$Ending Inventory,$cAverage Cost Hint: Do not round the cost per unit.Cost of Good Sold,$Ending Inventory,$
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