Please Calculate cost of goods available for sale and ending inventory, then sales, cost of...
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Accounting
Please Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used.
The following are the transactions for the month of July. Units Unit Cost Unit Selling July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory 43 215 (100) 158 $10 $14
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