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Compute the cost of goods sold for the year

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Reference no: EM132494140

Question - Turner Company had the following information for the year ending December 31:

 

Units

Unit Cost

Beginning inventory

270

$44

Purchase: April 6

490

41

Sale: May 4

520

 

Purchase: July 19

460

37

Sale: September 9

530

 

Purchase: October 10

450

31

Required - Using FIFO

(a) Compute the cost of ending inventory.

(b) Compute the cost of goods sold for the year.

Reference no: EM132494140

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