July 1 Beginning inventory 130 units @ $8 per unit 10...
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Accounting
July
1
Beginning inventory
130
units @
$8
per unit
10
Purchased
150
units @
$9
per unit
15
Sold
160
units @
26
Purchased
125
units @
$10
per unit
Calculate the cost of goods sold for July and ending inventory on July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar.
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