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Compute the cost of ending inventory under fifo

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Reference no: EM133035979

Question - Metro Mart Co. has the following transaction in its first month of operations.

Date Sale 3..0 @ $4.00 3..0 @ $4.40

Purchase 3/19/21 4,000 units 3..0 @ $4.75

Required -

1) Compute the Cost of goods sold under weighted average cost (periodic).

2) Compute the Cost of ending inventory under FIFO (periodic).

3) Compute the Cost of goods sold under LIFO (perpetual).

4) Compute the Cost of ending inventory under moving average (perpetual).

Reference no: EM133035979

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