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problem 1,2 thx Problem 1 Requirement: 1) Compute ending merchandise inventory and cost of goods sold for Cambridge using the FIFO inventory costing method. Using
problem 1,2 thx
Problem 1 Requirement: 1) Compute ending merchandise inventory and cost of goods sold for Cambridge using the FIFO inventory costing method. Using FIFO, ending merchandise inventory is $558 and cost of goods sold is $2,746. Problem 2 Requirement: 1) Compute cost of goods sold and gross profit using the weighted-average inventory costing method. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Using weighted-average, cost of goods sold is $2,299 and gross profit is $638. Problem 3 Requirements: 1. Journalize Fall's Bad Debts Expense usine the percent-of-sales method Step by Step Solution
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