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Posted: August 30th, 2021
Need some assistance if figuring out the calculations to the question below
Need some assistance if figuring out the calculations to the question belowCalculate the ending inventory under each of the following methods given the information below about purchases and sales during the year. Assume a periodic inventory system.April 1 Beginning inventory 20 units @ $30 11 Purchases 70 units @ $32 21 Purchases 50 units @ $35Sales for April: 115 unitsa. ________ FIFOb. ________ LIFOc. ________ Weighted-average
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