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During October, Tedesco company sold 240 unit of product R. It's beginning inventory and purchases during the month were as follows: Oct 1 beginning inventory
During October, Tedesco company sold 240 unit of product R. It's beginning inventory and purchases during the month were as follows:
Oct 1 beginning inventory 100 units @ $20 oct 5 purchases 100 units @ $24 oct 10 purchases 100 units @ $22 oct 15 purchases 100 @ $24 oct 20 purchases 100 units @ $28 oct 25 purchases 100 units @ $26 Compute the cost of goods sold under each of three methods: a: average cost, b:LIFO and c: FIFO. Assume the periodic inventory system is used.
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