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Date 1 April Transaction Units Unit cost Beginning inventory 12 $37 7 April Purchase 45 $32 9 April Sale 35 14 April Purchase 52 $38

Date 1 April Transaction Units Unit cost Beginning inventory 12 $37 7 April Purchase 45 $32 9 April Sale 35 14 April Purchase 52 $38 30 April Sale 25 Required a) Calculate the ending inventory and cost of each sale under the FIFO method. [5 marks] b) Calculate the ending inventory and cost of each sale under the weighted average method

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