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Each category asks for Cost of Goods Sold and Ending Inventory Bathilda Bagshot Books reported the following activity in April for its best selling book,
Each category asks for Cost of Goods Sold and Ending Inventory
Bathilda Bagshot Books reported the following activity in April for its best selling book, A History of Magic. books Apr. Beginning Balance: books Apr. 560@ 1: $4.40 Purchases: Sales: Apr. 1,120@ 10: 3: $4.70 books Apr. Apr. 1,680@ 14: $5.10 12: Apr. 700@ 20: $5.35 420 books 840 books books Apr. 1,960 books 26: Calculate ending inventory and cost of goods sold using the following inventory cost flow assumptions: Periodic FIFO Periodic LIFO Periodic Average Cost Perpetual FIFO Perpetual LIFO Perpetual Average CostStep by Step Solution
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