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Question 12 Tianjin Technology uses a perpetual inventory system. Shown below is Tianjin's beginning inventory of a particular product and purchases during January: On October
Question 12 Tianjin Technology uses a perpetual inventory system. Shown below is Tianjin's beginning inventory of a particular product and purchases during January: On October 27, Tianjin sold 14 units of this product. Required: [12 marks] As of than 31 , determine the following values. (Show your calculations.) A. How many units are in the ending inventory? 16 B. If using weighted average, what is your cost of goods sold? 6256390=10.224306390=4 C. If using first-in, first-out (FIFO) what is the cost of your ending inventory? (1) (b) 1801,0806 (0) 215 (9) 2302153,230150 D. If using last-in, first-out (LIFO) what is your cost of goods sold? 3,520 (1) 230 , 300 4 (a) 215 2 (1) 180360
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