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[ The following information applies to the questions displayed below. ] For the current year, Walker Games has the following inventory transactions related to its
The following information applies to the questions displayed below.
For the current year, Walker Games has the following inventory transactions related to its traditional board games. Walker Games uses a periodic inventory system.
tableDateTransactionsJanuary Beginning inventory,March Purchase,Total CostSeptember Purchase,Unsts
Required:
Using FIFO, calculate ending inventory and cost of goods sold.
tableEnding inventoryCost of goods sold
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