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Use the following information to answer the questions which follow.The Mahomes Company has the following...

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Accounting

Use the following information to answer the questions which follow.The Mahomes Company has the following inventory and credit purchases during the fiscal year ended December 31.514 units @ $87/unitBeginningFeb.10260 units @ $84/unitAug.21140 units @ $97/unitMahomes Company has two credit sales during the period. The units have a selling price of $147 per unit.SalesMar. 15340 unitsSept. 10245 unitsMahomes Company uses a perpetual inventory system.1. Calculate the dollar value of cost of goods sold and ending inventory using FIFO and Moving Weighted Average - Input the correct values in the tables below with no decimal places:Table 1: FIFO - perpetual

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