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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 Step by Step Solution
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