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using lifo and fifo. also, perpetual and periodic - Compute ending inventory and cost of goods sold using the following: Units Unit Date Transaction Unit
using lifo and fifo. also, perpetual and periodic
- Compute ending inventory and cost of goods sold using the following: Units Unit Date Transaction Unit Selling In Cost Total Sold March 1 Price Total Balance 600 $8.50 $ 5,100 6 Purchase 1,000 8.60 8,600 7 Sale 10 Sale $11.00 $ 5,500 500 12 11.00 Purchase 1,000 5,500 9.00 9,000 15 Sale 600 11.40 18 6,810 Purchase 200 9.10 22 Sale 700 12.00 8,400 25 Purchase 300 9.05 2,715 30 Sale 200 12.00 2,400 Totals 3,100 $27,235 2,500 $28,640 500 1,820 Step by Step Solution
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