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Find the cost of goods sold and ending inventory

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Reference no: EM132558340

A company made the following merchandise purchases and sales during the current month: each

July 1 purchased 380 units at $15 each

july 5 purchased 270 units at $ 20 each

july 9 sold 500 units at $55 each

july 14 purchased 300 units at $24 each

july 20 sold 250 units at $55 each

july 30 purchased 250 units at $30 each

Question 1: From the above information, compute the cost of goods sold and ending inventory, using FIFO, LIFO, and WEIGHTED AVERAGE inventory methods.

Reference no: EM132558340

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