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majestico majestico
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6 years ago
Calculate the cost of goods sold under each of the following methods given the information below about purchases and sales during the year. Assume a periodic inventory system. Use four decimal places.

April   1    Beginning inventory   60 units @ $30
   11    Purchases   80 units @ $32
   21    Purchases   30 units @ $35

Sales for April: 115 units

a) ________ FIFO
b) ________ LIFO
c) ________ Weighted-average
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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majestico Author
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6 years ago
I swear you're the best
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5 years ago
Happy to help Slight Smile
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