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Glasgow Enterprises started the period with 65 units in beginning inventory that cost $2.60 each. During the period, the company purchased inventory items as follows:
Glasgow Enterprises started the period with 65 units in beginning inventory that cost $2.60 each. During the period, the company purchased inventory items as follows: Purchase 1 2 3 No. of Items 300 200 55 Cost $3.10 $3.20 $3.60 Glasgow sold 325 units after purchase 3 for $9.90 each. What is Glasgow's cost of goods sold under FIFO? Multiple Choice $975 $845 $1,170 $1,062 Glasgow Enterprises started the period with 65 units in beginning inventory that cost $2.60 each. During the period, the company purchased inventory items as follows: No. of Items 300 Purchase 1 2 3 200 Cost $3.10 $3.20 $3.60 55 Glasgow sold 325 units after purchase 3 for $9.90 each. What is Glasgow's ending inventory under LIFO? Multiple Choice $1,062 $944 O $882 $767 Saved Glasgow Enterprises started the period with 65 units in beginning inventory that cost $2.60 each. During the period, the company purchased inventory items as follows: Purchase 1 2 3 No. of Items 300 200 55 Cost $3.10 $3.20 $3.60 Glasgow sold 325 units after purchase 3 for $9.90 each What is Glasgow's ending inventory under weighted average (rounded)? Multiple Choice $920 $927 $1,014 $775
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