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Use the following information to answer the questions which follow.The Mahomes Company has the following inventory and credit purchases during the fiscal year ended December
Use the following information to answer the questions which follow.The Mahomes Company has the following inventory and credit purchases during the fiscal year ended December units @ $unitBeginningFeb units @ $unitAug units @ $unitMahomes Company has two credit sales during the period. The units have a selling price of $ per unit.SalesMar. unitsSept. unitsMahomes Company uses a perpetual inventory system Calculate the dollar value of cost of goods sold and ending inventory using FIFO and Moving Weighted Average Input the correct values in the tables below with no decimal places:Table : FIFO perpetual
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