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Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1 Assume the perpetual inventory system is used. Required: Complete the table to determine the cost assigned
Exercise 5-3 (Algo) Perpetual: Inventory costing methods LO P1
Assume the perpetual inventory system is used.
Required:
- Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
- Determine the cost assigned to ending inventory and to costof goods sold using weighted average.
- Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
- Determine the cost assigned to ending inventory and to cost of goods sold using LIFO
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