Calculate cost of the ending inventory and the cost of sales under FIFO, LIFO and...
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Accounting
Calculate cost of the ending inventory and the cost of sales under FIFO, LIFO and average cost.
Fenning Pty Ltd reports the following for the month of June. June 1 Inventory 12 Purchases 23 Purchases 30 Inventory Date Explanation Units Unit cost Total cost 200 290 470 180 $9 13 13 $1,800 3,770 6,110 Required Calculate cost of the ending inventory and the cost of sales under FIFO, LIFO and average cost
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