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The accounting records of Cullumber Ag . Implaments shows the following date. Determine the cost of poods sold during the period under a periodic system
The accounting records of Cullumber Ag Implaments shows the following date.
Determine the cost of poods sold during the period under a periodic system using FIFO.
Units
Peginninginventory
Purchases
Total units available
for rale
Less: Units sold
Ending inventory
Unit Cost
Cost of goods available for sale
Total Cost
$
I sale $
$
Step
End'ing Imventory
Units
Unit Cast
Total Cost
$
$
Step
Cost of Goods Sold
Cost of zoods available for sale
$
Less: Ending imvantory
Cast of goods sold
$
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