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Use the information below to calculate the dollar amount of Cost of Goods Sold AND Ending Inventory after the sale on September 10th using the

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Use the information below to calculate the dollar amount of Cost of Goods Sold AND Ending Inventory after the sale on September 10th using the FIFO method for valuing inventory Transaction Description Units Date September 1 Beginning Inventory 200 S5 per unit $1,000 September 5 Purchased September 10 Sold Cost of Goods Sold Ending Inventory Cost per Unit Total Cost 30 $6 per unit $180 40 QUESTION8 Use the information below to calculate the dollar amount of Cost of Goods Sold for the 40 units sold on September 10th using the Specific Identification method for valuing inventory. Transaction Description Units Total Cost Cost per Unit $5 per unit S6 per unit Date $1,000 200 30 40 September 1 Beginning Inventory S180 September 10 Sold of the 40 units sold on September 10th: 15 units came from the beginning inventory on September 1st and 25 units came from September Sth. a. S205.20 o b. $200.00 $230.00 o d. $225.00 .$955.00

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