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Question #3 Boston Tool Company uses the periodic inventory method and had the following inventory information available for their model 470 Super Finish Sander: Units
Question #3 Boston Tool Company uses the periodic inventory method and had the following inventory information available for their model 470 Super Finish Sander: Units Unit Cost Total Cost 1/1 Beginning Inventory 100 $3 $ 300 1/20 Purchase 500 $4 2,000 7/25 Purchase 100 500 10/20 Purchase 300 1,800 1.000 $4.600 A physical count of inventory on December 31 revealed that there were 380 units on hand. Instructions Compute Ending Inventory and Cost of Goods Sold using: FIFO. LIFO and Average Cost. Show detailed work of all your computations. $5 $6
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