Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Sandy
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Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Sandy Corporation.
Use the following data of Sandy Corporation:
Transcribed Image Text:
A1 Total Unit Cost 4.00 $ 90 $ 180 $ 7.00 $ Quantity 2 Beginning inventory 3 Purchases 4 Goods available for sale 5 Ending inventory 6 Cost of goods sold 360 1,260 270 80 190
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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