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Please answer me this ASAP O.No.4 Assume that Bass Track had 100 units in beginning inventory on July 1, 2002, and that the cost of
Please answer me this ASAP
O.No.4 Assume that Bass Track had 100 units in beginning inventory on July 1, 2002, and that the cost of these units was $10 each. During the month, the inventory transactions were as follows: Date July 6 July 12 July 19 July 24 July 28 Activity Purchase Purchase Sale Purchase Sale Number of units Cost per unit 50 $11 80 $12 100 90 $14 50 Using FIFO and ACM methods, what are? 1. The cost of goods sold for the month. 2. The ending inventory for the monthStep by Step Solution
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