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Using the following information, please compute the value of ending inventory under three different cost-flow assumptions (15 points) date units cost 10-01 beginning inventory 400
Using the following information, please compute the value of ending inventory under three different cost-flow assumptions (15 points) date units cost 10-01 beginning inventory 400 25.00 10-05 purchases 200 28.00 10-15 sales 250 10-21 purchases 150 30.00 10-31 sales 300 Weighted Average Date Purchases cost units extended cost units Sales cost extended cost units Inventory Balance cost extended cost FIFO Date Sales Purchases cost Inventory Balance cost extended cost units extended cost units cost units extended cost LIFO Date Purchases cost Sales cost Inventory Balance cost extended cost units extended cost units extended cost units You will need to figure the Number of Units Available and Cost of Goods Available. Then, figure out the value of Ending Inventory given the three separate cost flow assumptions. Do include correct use of commas in your answers. Do not include dollar signs. Round all amounts to the nearest whole cent for Weighted Average
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