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Determine the ending inventory and cost of goods sold

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Question - During March, the following sales and purchases of inventories were made by Noor Company:

 

Number of Units

Cost per Unit

Total Cost

March 1 inventory

100

$13.20

$1,320

March 15 purchase

260

15.00

3,900

March 29 purchase

160

16.00

2,560

March 30 sale

335

 

 

Required - Determine the ending inventory and cost of goods sold for Noor Company under the following cost flow assumptions: a. FIFO b. LIFO c. Average cost

Reference no: EM133151615

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