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Inventory Costing Methods-Perpetual Method The following information is for the Toon Company for 2012; the company sells just one product: Beginning Inventory Jan. 1 200
Inventory Costing Methods-Perpetual Method The following information is for the Toon Company for 2012; the company sells just one product: Beginning Inventory Jan. 1 200 Feb. 11 500 May 18 400 Units Unit Cost $14 $15 17 20 Purchases: Sales: March 1 400 uly 400 Calculate the value of ending inventory and cost of goods sold using the perpetual method and (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
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