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FIFO and Weighted Average Pricing Questions. Use both FIFO and Weighted Average Cost for each problem. 1 ) A company purchased inventory as follows: 1
FIFO and Weighted Average Pricing Questions. Use both FIFO and Weighted Average Cost for each problem. A company purchased inventory as follows: units at $ per unit, units at $ per unit, and units at $ per unit. They sold units. Calculate the cost of goods sold. Determine the value of the ending inventory. A company begins with an inventory of units at $ per unit. During the month, they make the following purchases: units at $ per unit, units at $ per unit, and units at $ per unit. They sell units. Calculate the cost of goods sold. Determine the value of the ending inventory. A company has the following transactions during the month: Purchase: units at $ per unit Purchase: units at $ per unit Sale: units Purchase: units at $ per unit Sale: units Calculate the cost of goods sold for each sale. Determine the value of the ending inventory at the end of the month.
FIFO and Weighted Average Pricing Questions.
Use both FIFO and Weighted Average Cost for each problem.
A company purchased inventory as follows: units at $ per unit, units at $ per
unit, and units at $ per unit. They sold units.
Calculate the cost of goods sold.
Determine the value of the ending inventory.
A company begins with an inventory of units at $ per unit. During the month, they
make the following purchases: units at $ per unit, units at $ per unit, and
units at $ per unit. They sell units.
Calculate the cost of goods sold.
Determine the value of the ending inventory.
A company has the following transactions during the month:
Purchase: units at $ per unit
Purchase: units at $ per unit
Sale: units
Purchase: units at $ per unit
Sale: units
Calculate the cost of goods sold for each sale.
Determine the value of the ending inventory at the end of the month.
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