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INVENTORY VALUATION METHODS: FIFO Purchases Sales: 520 kg @ 240/kg Goods Available Cost of Goods Sold 100 kg @ 110/kg 200 kg @ 100/kg
INVENTORY VALUATION METHODS: FIFO Purchases Sales: 520 kg @ 240/kg Goods Available Cost of Goods Sold 100 kg @ 110/kg 200 kg @ 100/kg 300 kg @ 90/kg 600 kg @ 58,000 total Total = 600 kg @ 58,000 100 kg @ 110/kg 200 kg @ 100/kg 220 kg @90/kg 520 kg @ 50,800 Ending inventory (cost) Copyright 2020 CFA Institute 80 kg @ 90/kg 80 kg @ 7,200 15
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
