During October, Tedesco Company sold 240 unit of product R It 's beginning inventory and purchases during the month were as follows Oct 1 Beginning inventory 100 units $20 Oct 5 Purchases 100 units $24 Oct 10 Purchases 100 units $22 Oct 15 Purchases 100 $24 Oct 20 Purchases 100 units $28 Oct 25 Pur...

Average Cost method 26 20 24 22 24 28 first of all calculate ...

During October, Tedesco Company sold 240 unit of product R. It's beginning inventory and purchases during the

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During October, Tedesco Company sold 240 unit of product R. It's beginning inventory and purchases during the month were as follows:

Oct 1	Beginning inventory	100 units @ $20
Oct 5	Purchases	100 units @ $24
Oct 10	Purchases	100 units @ $22
Oct 15	Purchases	100 @ $24
Oct 20	Purchases	100 units @ $28
Oct 25	Purchases	100 units @ $26

Compute the cost of goods sold under each of three methods: a. Average cost, b. LIFO and c. FIFO. Assume the periodic inventory system is used.

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Posted Date: Feb 10, 2022 06:17 AM

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During October, Tedesco Company sold 240 unit of product R. It's beginning inventory and purchases during the

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