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urgent!! Problem 3 The following data are available for one item of merchandise sold by Addison Knitwear, which uses a PERPETUAL inventory system. March 1
urgent!!
Problem 3 The following data are available for one item of merchandise sold by Addison Knitwear, which uses a PERPETUAL inventory system. March 1 On hand, 100 units at $12 each 8 Sold, 60 units for $30 each 14 Purchased, 30 units at $13 each 25 Sold, 24 units for $30 each If Addison uses the FIFO method, determine the following amounts: A) Ending inventory on March 31th (2 points) B) Cost of Goods sold for the month of March (1 point) Step by Step Solution
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