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The accounting records of Tuel Electronics show the following data. Beginning inventory 3,590 units at $6 Purchases 8,630 units at $8 Sales 9,870 units at
The accounting records of Tuel Electronics show the following data.
Beginning inventory | 3,590 units at | $6 | |
Purchases | 8,630 units at | $8 | |
Sales | 9,870 units at | $11 |
1. Calculate average Unit cost: PLEASE SHOW DETAIL
2.Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. PLEASE SHOW DETAIL
Thanks! :)
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