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Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period: Units Unit cost Beginning inventory 1 5
Computing Cost of Sales and Ending Inventory
Stocken Company has the following financial records for the current period:
Units Unit cost
Beginning inventory $
Purchases #
#
#
Ending inventory at the end of this period is units. Compute the ending inventory and the cost of goods sold for the current period using arstinrstout, b average cost, and c lastinrstout.
Do not round any intermediate calculations. Round final answers to the nearest whole dollar amount.
FIFO Average cost LIFO
Cost of goods sold Answer
Answer
Answer
Ending inventory
Answer
Answer
Answer
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