Question: apter 6 Accounting for Inventory E6-2A. Inventory Costing Methods-Periodic Method The Lappert Company uses tory system. The following July data are for an item in
apter 6 Accounting for Inventory E6-2A. Inventory Costing Methods-Periodic Method The Lappert Company uses tory system. The following July data are for an item in Liggert's inventory: July 1 Beginning inventory, 30 units @ $9 per unit. 10 Purchased 50 units @ $10 per unit. 15 Sold 60 units. 26 Purchased 25 units $11 per unit. Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, finse (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers iot nearest dollar
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