Question: Please solve this problem and provide explanation as to how. (formulas, calculations) Widget Company 1. Calculate cost of goods sold and ending inventory using FIFO

Please solve this problem and provide explanation as to how. (formulas,

Please solve this problem and provide explanation as to how. (formulas, calculations)

Widget Company 1. Calculate cost of goods sold and ending inventory using FIFO and weighted average methods 2. Using the FIFO results, calculate and evaluate inventory turnover and days in inventory

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