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Determine the ending inventory cost

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Question - Periodic inventory by three methods; cost of goods sold

The units of an item available for sale during the year were as follows:

Jan. 1 Inventory 180 units at $108

Mar. 10 Purchase 224 units at $110

Aug. 30 Purchase 200 units at $116

Dec. 12 Purchase196units at $120

There are 208 units of the item in the physical inventory at December 31. The periodic inventory system is used.

Required - Determine the ending inventory cost and the cost of goods sold by three methods.

Reference no: EM132526206

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