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Question 4: 40 points Sultan Company uses the periodic inventory system to account for inventories. Information related to Sultan Company's inventory at March 30 is

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Question 4: 40 points Sultan Company uses the periodic inventory system to account for inventories. Information related to Sultan Company's inventory at March 30 is given below: March 1 March 10 March 18 March 26 Total units Beginning inventory 1,500 Purchase 500 Purchase 400 Purchase 1,200 3,600 units Unit cost ($) 11 13 15 17 Total cost ($) 16,500 6,500 6,000 20,400 $ 49,400 Course Code: ACT300 4 Page Course Title: Financial Accounting Ending inventory units= 1,200 units Unit sold = 2,400 units Instructions Note: Show computations for each of the methods Calculate the value of ending inventory and cost of goods sold for the month of March using the FIFO method Cost of goods sold (20 points) Ending inventory (20 points)

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