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Using the following information, calculate Cost of Goods Sold and Ending Inventory using these numbers using the three i

Posted: Sun Jul 03, 2022 4:12 pm
by answerhappygod
Using the following information, calculate Cost of Goods Sold and Ending Inventory using these numbers using the three inventory methods (First in-first out, Last in first out, weighted average). In other words, for each inventory method, calculate Cost of Goods Sold and Ending Inventory using the following information: ● On March 20, the company purchased 10 units at $842 per unit. ● On April 1, the company purchased 10 units at $910 per unit. ● On April 3, the company purchased 25 units at $1,060 per unit. ● On April 17, the company purchased 30 units at $1,150 per unit. ● On April 28, the company purchased 30 units at $1,190 per unit. ● On March 25, the company sold 10 units at $954 each. ● On April 14, the company sold 30 units at $1,300 per unit. ● On April 31, the company sold 53 units at $1,500 per unit.