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Use the following information for the specific identification method. There are 1 , 3 0 0 units of inventory on hand on September 3 0
Use the following information for the specific identification method.
There are units of inventory on hand on September Of these units:
are from October
are from January
are from March
are from June
are from August
are from September
st purchase
rd purchase
th purchase
th purchase
th purchase
th purchase
Required:
Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September and ending inventory on September under each of the following periodic inventory methods.
tabletableCost of GoodsSoldtableCost of EndingInventory FIFO,$
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