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Powder, Inc. sells an Xpert snowboard that is popular with snowboards enthusiasts. The following information shows Powders purchases and sales of Xpert snowboards during November:
Powder, Inc. sells an Xpert snowboard that is popular with snowboards enthusiasts. The following information shows Powders purchases and sales of Xpert snowboards during November:
Determine the cost of goods sold and ending inventory using (1) FIFO and (2) average cost, assuming Powder uses a periodic inventory system. (Round answers to 0 decimal places, e.g. 5,275.)
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