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Please find question 1)a. ending inventory and cost of goods sold. Inventory Costing Methods-Periodic System The following information is available concerning the inventory of Carter
Please find question 1)a. ending inventory and cost of goods sold.
Inventory Costing Methods-Periodic System The following information is available concerning the inventory of Carter Inc.: 199 12 13 14 146 16 Units Unit Cost Beginning inventory $11 Purchases: March 5 302 June 12 397 August 23 254 October 2 During the year, Carter sold 995 units. It uses a periodic inventory system. Required: 1. Calculate ending inventory and cost of goods sold for each of the following three methods: In your calculations round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar. Cost Flow Assumption Ending Inventory Cost of Goods Sold a. Weighted average 3,926 X 12,935 x $ $Step by Step Solution
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