The units of an item available for sale during the year were as follows: There are 25
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The units of an item available for sale during the year were as follows:
There are 25 units of the item in the physical inventory at December 31. Determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form:
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10 units at $970 each 45 units at $960 each 30 units at $890 each 15 units at $920 each Jan. 1 Inventory Purchase June 9 July 28 Purchase Nov. 1 Purchase
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a Firstin firstout Ending inventory 15 units at 920 each 13800 10 units at ...View the full answer
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