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Compute cost of goods sold and ending inventory

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Reference no: EM132896518

Question - Compute cost of goods sold and ending inventory, using each of the following methods:

a. Specific unit cost, with two $150 units, three $160 units, and five $170 units still on hand at the end.

b. Weighted-average cost

c. First-in, first out cost

2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold?

Reference no: EM132896518

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