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Please explain where you get the numbers. For example. if using an inventory to find the missing number of units on #15, you'd do 60-30=30
Please explain where you get the numbers. For example. if using an inventory to find the missing number of units on #15, you'd do 60-30=30 units
Inventory Costing Methods-Perpetual Method The Lippert Company uses the perpetual inventory system. The following July data are for an item in Lippert's inventory July 1 Beginning inventory 30 units S9 per unit 0 units 510 per unit 10 Purchased 5 Sold 26 Purchased 60 units 25 units 511 per unit Calculate the cost of goods sold for the July 15 sale using(a) first-in, first-out(b) last-in, first-out, and the weighted-average cost methods. Round your final answers to the nearest dollar. For weighted-average cost, do not round the weighted-average unit cost. A. First-in, First-out Cost of Goods Sold 570 B. Last-in, first-out: Cost of Goods Sold C. Weighted-average cost: Cost f Goods SoldStep by Step Solution
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