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financial accounting Problem 1 (18scores) Lucia Inc. uses a perpetual inventory system. The company has a beginning inventory of 400 units at $70 per unit.
financial accounting
Problem 1 (18scores) Lucia Inc. uses a perpetual inventory system. The company has a beginning inventory of 400 units at $70 per unit. The company purchases 1,000 units in August at $72 each and 600 units in November at $75 each. The company sells 1,000 units in September and 900 units in December. Required: Cal culate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. (Round the per unit cost to two decimal places Part a. Part b. Part c. FIFO LIFO Weighted AverageStep by Step Solution
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