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How do I calculate the inventory cost for FIFO, LIFO, and weighted average cost method? Jan. 1 Inventory 7 units @ $28 Feb. 17 Purchase
How do I calculate the inventory cost for FIFO, LIFO, and weighted average cost method?
| Jan. 1 | Inventory | 7 units @ $28 |
| Feb. 17 | Purchase | 4 units @ $30 |
| Jul. 21 | Purchase | 11 units @ $31 |
| Nov. 23 | Purchase | 19 units @ $33 |
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Advanced Financial Accounting
Authors: Theodore Christensen, David Cottrell, Cassy Budd
13th Edition
1260772136, 9781260772135
