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| Teaching Since: | Apr 2017 |
| Last Sign in: | 332 Weeks Ago, 2 Days Ago |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
July 1 Beginning inventory 30 units @ $9 per unit 10 Purchased 50 units @ $10 per unit 15 Sold 60 units 26 Purchased 25 units @ $11 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar.
A. First-in, First-out:
Ending Inventory
Cost of Goods Sold:
Â
B. Last-in, first-out:
Ending Inventory
Â
Cost of Goods Sold:
Â
C.Weighted-average cost:Â Â Â Â
Â
Ending Inventory
 Cost of Goods Sold
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