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Given the following information, calculate: the dollar cost of inventory purchases (A, B, C & D) the cost of goods sold (H, I & J)

Given the following information, calculate:

the dollar cost of inventory purchases (A, B, C & D)

the cost of goods sold (H, I & J) and the

cost of ending inventory (E, F, & G) using LIFO, FIFO and the weighted average methods.

Assume that 25 units are not sold and remain in inventory.

Inventory Purchases Dates Units Unit Cost DOLLAR COST
Beginning Inv. Jan. 1 10 $8.00 A
Purchase April 10 30 $10.00 B
Purchase May 15 40 $12.00 C
Purchase Dec. 5 20 $16.00 D
Inventory Valuation Methods: LIFO FIFO Weighted Average
Cost of Ending Inventory E F G
Cost of Goods Sold H I J

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