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dont use excel urgent 3. The Sporting Company had a beginning inventory on January 1 of 150 units of goods at a cost of $20

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3. The Sporting Company had a beginning inventory on January 1 of 150 units of goods at a cost of $20 per unit. During the year, the following purchases were made. Feb. 15 400 units at $23 Oct. 4 350 units at $26 Urgent Apr 20 250 units at $24 Nov. 2 100 units at $29 1000 units were sold. The Sporting Company uses a periodic inventory system. (a) Determine the cost of goods available for sale. (b) Determine the (1) ending inventory and (2) cost of goods sold under FIFO and LIFO method of cost flow. (8)

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