Maurice Tutor

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Expertise:
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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 1 Day Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 5.00

Weighted Average.

Given the following data, calculate cost of goods sold and the cost of
ending inventory.
3 separate methods, FIFO, LIFO and Weighted Average. You must show
ALL calculations.

Date Transaction
1/10 Bought 200 inventory units @ $15

1/20 Bought 200 inventory units @ $17

1/25 Sold 150 inventory units @ $30

1/28 Bought 100 inventory units @ $20

1/31 Sold 130 inventory units @ $30

2/4 Bought 90 inventory units @ $22

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 12:08 PM My Price 5.00

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