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Please write neatly! You are provided with the following information for Ister Ltd. for the month ended January 31, 2017. Ister uses a periodic method
Please write neatly!
You are provided with the following information for Ister Ltd. for the month ended January 31, 2017. Ister uses a periodic method for inventory. Unit Cost / Date Description Units Selling Price Beginning October 3 120 48 inventory October 6 Purchase 240 52 October 11 Sale 200 70 October 15 Purchase 140 54 October 22 Sale 130 October 27 Purchase 160 56 October 29 Sale 240 80 Instructions Calculate (a) ending inventory, (b) cost of goods sold under each of the following methods. (Show your computation) (1) FIFO. (2) Weighted average cost. se 80 8Step by Step Solution
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