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Come up with a merchandise company scenario, where this company performed four purchasing transactions and...

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Question

Accounting

Come up with a merchandise company scenario, where this company performed four purchasing transactions and two sales transactions. Then, calculate the balance of ending inventory and cost of goods sold after each sales transaction, assuming the company used the FIFO, Moving Average Cost. Use the following table to answer.

"No handwritten Answer"

Date

Purchase

Sales (COGS)

Ending inventory

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