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Inventory by Three Methods; Cost of Goods Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory
Inventory by Three Methods; Cost of Goods Sold The units of an item available for sale during the year were as follows: Jan. Inventory units at $ Mar. Purchase units at $ Aug. Purchase units at $ Dec. Purchase units at $ There are units of the item in the physical inventory at December The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. In your calculations round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar. blank Cost of Ending Inventory and Cost of Goods Sold Inventory Method Ending Inventory Cost of Goods Sold Firstin firstout FIFO $fill in the blank $fill in the blank Lastin firstout LIFO fill in the blank fill in the blank Weighted average cost fill in the blank fill in the blank
Inventory by Three Methods; Cost of Goods Sold
The units of an item available for sale during the year were as follows:
Jan. Inventory units at $
Mar. Purchase units at $
Aug. Purchase units at $
Dec. Purchase units at $
There are units of the item in the physical inventory at December The periodic inventory system is used.
Determine the ending inventory cost and the cost of goods sold by three methods. In your calculations round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.
blank
Cost of Ending Inventory and Cost of Goods Sold
Inventory Method Ending Inventory Cost of Goods Sold
Firstin firstout FIFO $fill in the blank
$fill in the blank
Lastin firstout LIFO fill in the blank
fill in the blank
Weighted average cost fill in the blank
fill in the blank
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