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Business, 02.05.2021 02:20 pg67891012345

1. Fill in the table attached. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Utilize FIFO. Jan 1 - Inventory is 6,000 units at $20 Jan 2 - Sale of 500 units for $32.50 each
Jan 19 – Purchase of 2500 units at $24.25 each Jan 25 – Sale of 800 units for $33.90 each
Jan 30 - Purchase 1000 units at $22

2. Fill in the table. (same format at picture). Determine the cost of merchandise sold for each transaction above. Utilize LIFO.

3. Determine the cost per unit utilizing the weighted Average Cost method for inventory on Jan 30th from the data above.


1. Fill in the table attached. Determine the cost of merchandise sold for each sale and the invento

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