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i. FIFO H. Weighted-average (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 0 decimal places, e.g. 61,052.) i. FIFO ii. Weighted-average $ $ Cost of Goods Sold $ $ Gross Margin $ $ Ending Inventory I

i. FIFO H. Weighted-average (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 0 decimal places, e.g. 61,052.) i. FIFO ii. Weighted-average $ $ Cost of Goods Sold $ $ Gross Margin $ $ Ending Inventory I

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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i. FIFO H. Weighted-average (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.) i. FIFO ii. LA Weighted-average $ Cost of Goods Sold LA $ LA $ Gross Margin $ $ Ending Inventory I
Transcribed Image Text:i. FIFO H. Weighted-average (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.) i. FIFO ii. LA Weighted-average $ Cost of Goods Sold LA $ LA $ Gross Margin $ $ Ending Inventory I
March 1 7 Purchase 8 15 20 25 Beginning inventory 27 Purchase Sale Sale Purchase Sale 3,780 units 1,260 units 1,890 units 4,410 units 882 units 630 units 1,512 units Cost $111,510 50,400 94,500 18,774 Sales $396,900 66,150 90,720
Transcribed Image Text:March 1 7 Purchase 8 15 20 25 Beginning inventory 27 Purchase Sale Sale Purchase Sale 3,780 units 1,260 units 1,890 units 4,410 units 882 units 630 units 1,512 units Cost $111,510 50,400 94,500 18,774 Sales $396,900 66,150 90,720
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