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I. Answer the below questions using the following inventory information: a) Using First In First Out (FIFO) method, calculate: i. Cost of Goods available for
I. Answer the below questions using the following inventory information:
a) Using First In First Out (FIFO) method, calculate: i. Cost of Goods available for sale ii. Ending Inventory amount iii. Cost of Goods sold b) Using Last In First Out (LIFO) method, calculate: Cost of Goods available for sale iv. Cost of Goods available for sale v. Ending Inventory amount vi. Cost of Goods sold c) Using Weighted Average method calculate: vii. Cost of Goods available for sale viii. Ending Inventory amount ix. Cost of Goods sold
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