On December 1, Windsor, Inc. has three DVD players left in stock. All are identical,...
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Accounting
On December Windsor, Inc. has three DVD players left in stock. All are identical, all are priced to sellat $ One of the three DVD players left in stock, with serial # was purchased on June at a cost of $ Another, with serial # was purchased on November for $ The last player, serial # was purchased on November for $
a
Calculate the cost of goods sold using the FIFO periodic inventory method, assuming that two of the three players were sold by the end of December, Windsor, Inc. yearend.
Cost of goods sold $
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b
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