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Sports Haven made the following purchases of treadmills: January 7 35 @ $350 April 11 50 @ $365 August 15 65 @ $360 October 5
January 7 35 @ $350 April 11 50 @ $365 August 15 65 @ $360 October 5 50 @ $370
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Determine the inventory value of the treadmills by the weighted mean method.
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3. Refer to Problem 1. Determine the inventory value of the treadmills by the LIFO method.
Sold (COGS) with each method. Which method will contribute to the greatest profit? |
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