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Thanks.. 3. Cortez Company starting inventory was 100 units @ $60 per unit ($6,000), 150 units purchased at $68/ unit ($10,200), 200 units purchased @
Thanks..
3. Cortez Company starting inventory was 100 units @ $60 per unit ($6,000), 150 units purchased at $68/ unit ($10,200), 200 units purchased @ $72/unit ($14,400) and sold a total of 270 chairs during the period. What would be the cost of goods sold and ending inventory be while using FIFO, LIFO and Weighted-Average? The total cost of 450 chairs=$30,600Step by Step Solution
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