Question
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Calculate ending inventory and COG'S using FIFO and LIFO methods...
Calculate ending inventory and COG'S using FIFO and LIFO methods for ABC INC.? a) on APRIL 1, 2022 the balance in inventory is 220 units @ $ 50 each
b) APRIL 5,2022 purchased 100 units @ $ 60 each
c) Purchased 50 units @ $ 45 each on APRIL, 10 2022
d) Sold 300 units @ $ 80 each on April ,16, 2022
e) sold 20 units @ $ 95 each on APRIL,25,2022
f) Purchased 200 units @ $ 40 each on April 30,2022
Answer & Explanation
Solved by verified expertAnswered by GiaAizyleth on coursehero.com
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