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Contemporary Electronic Center began October with 90 units of merchandise inventory that cost $70 each. During October, the store made the following purchases (Click the
Contemporary Electronic Center began October with 90 units of merchandise inventory that cost $70 each. During October, the store made the following purchases (Click the icon to view the purchases) Contemporary uses the periodic inventory system, and the physical count at October 31 indicates that 110 units of merchandise inventory are on hand. Read the requirements - X Data table Requirement 1. Determine the ending merchandise weighted average inventory costing methods statements using the FIFO, LIFO, and Oct. 3 FIFO Oct 12 20 units @ $75 each 40 units $78 each 60 units 584 each Oct 18 Ending inventory Cost of goods sold Print Done
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