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In: Accounting

month of 05/2020 = 140 units sold. 05/01 Inventory Units Unit cost Total cost 05/15 Purchases...

month of 05/2020 = 140 units sold.

05/01 Inventory Units Unit cost Total cost
05/15 Purchases 6 5 $13 $ 845
05/24 Purchases 5 4 16 864
Totals 7 5 17 1275
1 9 4 2984

Ending invent.@ 05/31 and cost of goods sold using FIFO/LIFO

FIFO LIFO
End Inventory 05/31 ? ?
Cost o f goods sold ? ?

Needing some help with homework Thanks!

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Expert Solution

ekkarill92 answered 1 year ago
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