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DATE UNITS PURCHASED UNITS SOLD UNITS ON HAND JAN 1 4000@ 12.000$ Jan 11 11,000 @ $14 jan 21 14,000 jan 21 5,000 @$16.00 compute

DATE UNITS PURCHASED UNITS SOLD UNITS ON HAND
JAN 1 4000@ 12.000$
Jan 11 11,000 @ $14
jan 21 14,000
jan 21 5,000 @$16.00

compute ending inventory assuming that davis uses

a average costing, periodic record keeping

b. first in first out costing , periodic record keeping

c. last in first out costing, perpetual record keeping

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