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Compute the number of golf shirts available for sale

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Reference no: EM132911277

Question - Crater Sports is a merchandising company that recorded the following information for the month of February 2020.

Crater started the month with a stock of 20 golf shirts valued at $26 per shirt.

Required -

1. Compute the number of golf shirts (1) available for sale during the month of February and (2) remaining in inventory at the end of the month.

2. Compute the cost of goods sold during the month and the value of ending inventory at the end of the month using the FIFO and weighted-average methods of inventory costing.

Reference no: EM132911277

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