Question

Crowe Metals, Ltd., had the following inventory transactions during the month of March (in British pounds, £):


On March 31, a count of the ending inventory was completed, and 4,000 units were on hand. By using the periodic inventory system, calculate the cost of goods sold and ending inventory using LIFO, FIFO, and weighted-average inventorymethods.


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  • CreatedFebruary 20, 2015
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