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Meringues Company is a merchandising company. - On July 1st the Inventory contained 4 units of goods for $3 each. - On July 9th the
Meringues Company is a merchandising company. - On July 1st the Inventory contained 4 units of goods for $3 each. - On July 9th the company purchased 8 units of goods for $6 each. - On July 15th the company sold 2 units of goods for $8 each. - Required: Calculate the Cost of Goods Available for Sale, COGS & Ending Inventory if the company uses: a) FIFO b) LIFO c) Average Cos
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