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M 7 - 1 0 ( Algo ) Calculating Cost of Goods Available for Sale, Ending Inventory, and Cost of Goods Sold under FIFO, LIFO,
MAlgo Calculating Cost of Goods Available for Sale, Ending Inventory, and Cost of Goods Sold under FIFO, LIFO, and Weighted Average Cost Periodic InventoryLO
Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July.
tableUnits,Unit CostJuly Beginning Inventory,$
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