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Units $ Date Received Issued Balance Price Received Issued Balance 1 Jan 1,600 $ 16 $ 25,600 11 Jan 2,000 14 28,000 16 Feb 960
| Units |
| $ | |||||
Date | Received | Issued | Balance |
| Price | Received | Issued | Balance |
1 Jan |
|
| 1,600 |
| $ 16 |
|
| $ 25,600 |
11 Jan | 2,000 |
|
|
| 14 | 28,000 |
|
|
16 Feb |
| 960 |
|
|
|
|
|
|
20 Mar |
| 680 |
|
|
|
|
|
|
22 June | 580 |
|
|
| 15 | 8,700 |
|
|
18 Aug |
| 950 |
|
|
|
|
|
|
10 Sept |
| 810 |
|
|
|
|
|
|
8 Oct | 1,510 |
|
|
| 17 | 25,670 |
|
|
9 Dec |
| 930 |
|
|
|
|
|
|
21 Dec | 400 |
|
|
| 18 | 7,200 |
|
|
find ending inventory cost using:
1. FIFO ( perpetual) (Round the cost amounts to the nearest dollar and round the cost per unit to three decimal points).
2. LIFO (perpetual) (Round the cost amounts to the nearest dollar and round the cost per unit to three decimal points).
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