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Dugan Sales had the following transactions for jackets in 2014, its first year of operations: Dugan Sales had the following transactions for jackets in 2014,
Dugan Sales had the following transactions for jackets in 2014, its first year of operations: Dugan Sales had the following transactions for jackets in 2014, its first year of operations: Jan. Purchased 74 units@ Apr. 21 July Purchased 205 units Sept. Purchased 105 units@ $1,110 Purchased 478 units 8,126 20 $17 $20- $27 2,835 25 19 During the year, Dugan Sales sold 810 jackets for $55 each. Required a. Compute the amount of ending inventory Dugan would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round intermediate calculations and final answers to nearest whole dollar amount.) FIFO LIFO Ending inventory
Dugan Sales had the following transactions for jackets in 2014, its first year of operations:
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