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In: Accounting

Beg Inventory 50 units at $5 each Purchase 10 units at $6 each Sale 30 units...

Beg Inventory 50 units at $5 each
Purchase 10 units at $6 each
Sale 30 units at $15 each
Purchase 10 units at $7 each
Sale 25 unites at $15 each

a .)Find Cost of Goods Sold and Ending Inventory using the FIFO method

B.)Find Cost of Goods Sold and Ending Inventory using the LIFO - Perpetual

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Expert Solution

ekkarill92 answered 2 years ago
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