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eBook Print Questior 4 Partially correct Mark 1.00 out of 3.00 P Flag question O Edit question Inventory Costing Methods-Perpetual Method The Lippert Company uses
eBook Print Questior 4 Partially correct Mark 1.00 out of 3.00 P Flag question O Edit question Inventory Costing Methods-Perpetual Method The Lippert Company uses the perpetual inventory system. The following July data are for an item in Lippert's inventory: July 1 Beginning inventory 47 units @ $80 per unit 10 Purchased 67 units @ $90 per unit 15 Sold 77 units 26 Purchased 42 units @ $100 per unit Calculate the cost of goods sold for the July 15 sale using (a) first-in, first-out, (b) last in, first out, and (c) the weighted average cost methods. Round your final answers to the nearest dollar. For weighted-average cost, do not round the weighted-average unit cost. A First-in, First-out: Cost of Goods Sold: 6,460 B. Last-in, first-out: Cost of Goods Sold 7,350 X C Weighted-average cost: Cost of Goods Sold 6,905 x $
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