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Determine the inventory value of the gloves by fifo method

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Reference no: EM133173228

Question - Sports Haven made the following purchases of bicycling gloves:

February 17 150 @ $12.50

April 25 120 @ $12.00

July 9 130 @ $11.50

September 7 100 @ $11.75

The year-end inventory revealed a total of 163 gloves in stock:

Determine the inventory value of the gloves by the weighted mean method.

Determine the inventory value of the gloves by the FIFO method.

Determine the inventory value of the gloves by the LIFO method.

Reference no: EM133173228

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