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Category > Business & Finance Posted 06 Jun 2017 My Price 6.00

Computing Cost of Sales and Ending Inventory

Computing Cost of Sales and Ending Inventory
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 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, last out. {a} First-in, first-out Ending inventory 3: 12600 Cost of goods sold 3: 41400 (b) Average cost Ending inventory 3; Cost of goods sold 3: (c) Last-in, first-out Ending inventory 3: Cost of goods sold 3:

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SuperTutor
(15)
Status NEW Posted 06 Jun 2017 06:06 AM My Price 6.00

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