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Identity necessary journal entries for the above purchase and sales of Merchandise Inventory under FIFO and Weighted Average method You are required to: Compute the

  1. Identity necessary journal entries for the above purchase and sales of Merchandise Inventory under FIFO and Weighted Average method
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You are required to:

  1. Compute the cost of goods sold and closing inventory value under FIFO and Weighted Average Method using periodic inventory system.
  2. Identity necessary journal entries for the above purchase and sales of Merchandise Inventory under FIFO and Weighted Average method
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