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How do I find the ending merchandise inventory & cost of goods sold? The periodic inventory records of Wexton Prosthetics indicate the following for the
How do I find the ending merchandise inventory & cost of goods sold?
The periodic inventory records of Wexton Prosthetics indicate the following for the month of July: (Click the icon to view the inventory records.) At July 31, Wexton counts ten units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Wexton using the FIFO inventory costing method 1 Data Table FIFO Cost Ending Merchandise Inventory Cost of Goods Sold Jul. 1 Beginning merchandise inventory 8 Purchase 15 Purchase 26 Purchase 20 units 20 units 15 units 15 units @ $ 60 each @ $50 each @ $ 29 each @ $ 25 each Print Print Done Done Enter any number in the edit fields and then clickCheck inStep by Step Solution
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