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In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: ( 1 ) 1
In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: units at $ on January units at $ on January and units at $ on January Assuming units are on hand at the end of the month.
Calculate :
Cost of Goods Available for Sale under FIFO, LIFO, & weighted average cost flow assumtions. Assume a periodic inventory system is used. Round "Cost per Unit" to decimal places.
Ending Inventoryunder FIFO, LIFO, & weighted average cost flow assumtions. Assume a periodic inventory system is used. Round "Cost per Unit" to decimal places.
Cost of Goods Sold under FIFO, LIFO, & weighted average cost flow assumtions. Assume a periodic inventory system is used. Round "Cost per Unit" to decimal places.
PLEASE SHOW EACH STEP WHILE KEEPING THE WORK SHOWN ORGANIZED AND EASY TO FOLLOW.
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