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Solve the cost of goods sold and ending inventory using fifo

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Problem 1: Based on the following information, calculate the cost of goods sold and ending inventory using FIFO, LIFO, and weighted average assuming a perpetual inventory system is in place.

Beginning Balance - 90 units at $11

March 3 - Purchase 300 units for $15

April 4 - Sell 240 units for $28

June 30 - Purchase 250 units for $18

August 16 - Sell 180 units for $30

Reference no: EM132710150

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