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Sekhon Company had a beginning inventory on January 1 of 192 units of Product 4-18-15 at a cost of $19 per unit. During the year,
Sekhon Company had a beginning inventory on January 1 of 192 units of Product 4-18-15 at a cost of $19 per unit. During the year, the following purchases were made. at at $26 Mar. 15 July 20 480 units 300 units $20 $ 21 Sept. 4 Dec. 2 396 units 120 units at at S32 1,200 units were sold. Sekhon Company uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale 96 $ Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit $ Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average cost). (Round answers to 0 decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory $ The cost of goods sold $ $
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