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Determine the cost of the goods sold

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Question - The accounting records of Atupele show the following data. Beginning inventory 4000 units at $3 Purchases 6000 units at $4 Sales 7000 units at $12

Determine the cost of the goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method and the average-cost method.

Reference no: EM132546558

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