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Demonstration Problem Englehart Company has the following inventory, purchases, and sales data for the month of March: Inventory, March 1 200 units @ $4.00
Demonstration Problem Englehart Company has the following inventory, purchases, and sales data for the month of March: Inventory, March 1 200 units @ $4.00 Purchases $ 800 March 10 20 30 500 units @ $4.50 2,250 400 units @ $4.75 1,900 300 units @ $5.00 1,500 Englehart Company uses a periodic inventory system. The physical inventory count on March 31 shows 500 units on hand. Instructions Determine the cost of ending inventory at March 31 and cost of goods sold for March, under (a) FIFO, (b) average cost, and (c) LIFO. ainu gaizu yd be so bodrom je ar lo pigol T
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