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Here's a comprehensive inventory cost flow problem. I will only ask you a couple of questions, but the feedback will contain: The cost flow schedule
Here's a comprehensive inventory cost flow problem. I will only ask you a couple of questions, but the feedback will contain: The cost flow schedule you should always do first Calculations for Cost of goods sold and Cost of ending inventory under each of these methods: Weighted Average (or Average Cost) FIFO LIFO Specific Identification After you answer the questions, review the steps problem. the feedback section for all 4 inventory methods. Before test time, come back here and try to prepare all of the schedules on your own as a comprehensive review ***** Weeblu Inc. sells a product that has generally been increasing in price. On July 1, Weeblu had 30 units in inventory that cost $24 each. During July, Weeblu made the following purchases: July 6: 50 units at $28 each July 18:20 units at $29 each July 24: 15 units at $30 each At the end of July, Weeblu sold 70 units for $90 each. 10 units were from the beginning inventory, 30 units were from the July 6 purchase, 17 units were from the July 18 purchase, and 13 units were from the July 24 purchase. How many units did Weeblu have left in inventory at July 31? What was the 'Total cost goods available for sale" for Weeblu for the month of July? CHECK
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