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From the following information, calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weightedaverage methods.
From the following information, calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weightedaverage methods. (Click the icon to view the information.) The ending inventory reveals six items unsold. (Round the weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Complete each table to calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weightedaverage methods. Answer true or false to the following statements. The payee is the person or organization to whom a check is made 1. payable. 2. A check stub is used to record journal entries. 3. Computers today require more internal controls in banking than ever. 4. Restrictive endorsement is the safest for a business. 5. Mobile devices have no place in banking
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