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Inventory Costing Methods-Perpetual Method Archer Company is a retailer that uses the perpetual inventory system. August 1 Beginning inventory 1,780 5 Purchased 8 Purchased
Inventory Costing Methods-Perpetual Method Archer Company is a retailer that uses the perpetual inventory system. August 1 Beginning inventory 1,780 5 Purchased 8 Purchased 11 Sold units of Product A @ $1,600 total cost 1,700 units of Product A @ $2,116 total cost 1,900 units of Product A @ $4,416 total cost 1,750 units of Product A Calculate the inventory cost of item A on August 11(after the sale) using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A First-in, first-out Ending Inventory $ B. Last-in, first-out Ending Inventory $ C. Weighted-average Ending Inventory $ Check Previous Save Answers
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