Solution-Compute the ending inventory and the cost of goods

Compute the ending inventory and the cost of goods sold

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Question - Stocken Company has the following financial records for the current period:

	Units	Unit Cost
Beginning inventory	100	$46
Purchases: #1	650	$42
#2	550	$38
#3	200	$36

Ending inventory at the end of this period is 350 units. Compute the ending inventory and the cost of goods sold for the current period using (a) first-in, first-out. (b) Average cost, and (c) last-in, first-out.

Reference no: EM131872589

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Compute the ending inventory and the cost of goods sold

Reference no: EM131872589

Reference no: EM131872589

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