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URGENT Shaw Sheds began the year with 429 units of inventory that it purchased for $43 each. Then it purchased 503 units of imventory for
URGENT
Shaw Sheds began the year with 429 units of inventory that it purchased for $43 each. Then it purchased 503 units of imventory for $45 per unit, after which it purchased 723 units at $51 per unit. During the year it sold 1,240 units for $67 each. Calculate the following amounts: A Ending inventory using FIFO B) Ending inventory using LIFO C) Ending inventory using Average Cost D) Weighted average cost per unit (To one decimal point) E) Cost of Goods Sold using Average Cost F) Cost of Goods Sold using LIFO G) Cost of Goods Sold using FIFO Shaw Sheds began the year with 429 units of inventory that it purchased for $43 each. Then it purchased 503 units of imventory for $45 per unit, after which it purchased 723 units at $51 per unit. During the year it sold 1,240 units for $67 each. Calculate the following amounts: A Ending inventory using FIFO B) Ending inventory using LIFO C) Ending inventory using Average Cost D) Weighted average cost per unit (To one decimal point) E) Cost of Goods Sold using Average Cost F) Cost of Goods Sold using LIFO G) Cost of Goods Sold using FIFO Step by Step Solution
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