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Please help Q1 Q2 Q3 During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021 Number
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During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021 Number Unit Total Date Transaction of Units Cost Cost Jan. 1 Beginning inventory 17 $55 $935 Sep. 8 Purchase 15 57 32 $1,790 855 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. 108 Ending inventory Cost of goods sold During 2021, a company seils 25 units of inventory. The company has the following inventory purchase transactions for 2021: Number Unit Total Date Transaction of Units Cost Cost Jan. 1 Beginning inventory 20 $50 $1,000 Sep. 8 Purchase 10 58 580 30 $1,580 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending Inventory Cont of goods sold During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory Sep. 8 Purchase Number Unit of Units Cost 16 13 57 29 $55 Total Cost $ 880 741 $1,621 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold Q1
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