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Given the following information, determine the cost of goods sold and ending inventory at November 30 using FIFO, LIFO and Weighted Average methods under perpetual
Given the following information, determine the cost of goods sold and ending inventory at November 30 using FIFO, LIFO and Weighted Average methods under perpetual inventory system. November 3: 15 units were purchased at $8 per unit. November 11: 18 units were purchased at $9.50 per unit. November 15: 15 units were sold at $45 per unit November 18: 30 units were purchased at $10.75 per unit November 30: 20 units were sold at $55 per
Given the following information, determine the cost of goods sold and ending inventory at November 30 using FIFO, LIFO and Weighted Average methods under perpetual inventory system.
November 3: 15 units were purchased at $8 per unit.
November 11: 18 units were purchased at $9.50 per unit.
November 15: 15 units were sold at $45 per unit
November 18: 30 units were purchased at $10.75 per unit
November 30: 20 units were sold at $55 per
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
