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Show Work Baxter, Inc. had the following inventory transactions during 2021: Beginning balance on January 1,2021,1,000 units costing $5.00 per unit. February 15,2021 , purchased
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Baxter, Inc. had the following inventory transactions during 2021: Beginning balance on January 1,2021,1,000 units costing $5.00 per unit. February 15,2021 , purchased 3,000 units costing $6.00 per unit. March 12, 2021, sold 2,000 units. April 10, 2021, purchased 1,500 units costing \$7.00 per unit. May 14,2021 , sold 500 units. June 27,2021 , purchased 1,000 units costing $8.00 per unit. REQUIRED: Calculate the ending inventory at June 30,2021 , and the cost of goods sold for the period January 1,2021 through June 30,2021 , using the following inventory cost flow assumptions: 1) FIFO Periodic 2) LIFO Periodic 3) LIFO Perpetual 4) Moving (Weighted) Average Perpetual Step by Step Solution
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