Jan 1 inventory 50 units at 106$ Mar 10 purchase 60 units at 108$ Aug 30 purchase

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Jan 1 inventory 50 units at 106$ Mar 10 purchase 60 units at 108$ Aug 30 purchase 20 units 126 Dec 12 purchase 70 units 130 There are 80 units of the item in the physical inventory at December 32 FIFO LIFO Weighted average cost

Posted Date: May 13, 2024 02:30 AM

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Jan 1 inventory 50 units at 106$ Mar 10 purchase 60 units at 108$ Aug 30 purchase

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To solve this problem we need to calculate the cost of goods sold and the ending inventory using the ... View the full answer

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