What is running average inventory valuation methods

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Question 1: What is Net Income, Cost of Goods Sold, and Ending Inventory for LIFO,FIFO, Weighted Average, and Running Average Inventory valuation methods.

All Retail price 100k /unit

Beg Inv 450@15k

1-3 Purchase 100@20k

Sale (210@____)

1-16 purchase 160@25k

SALE (60@______)

SALE (100@________)

Beg Inv 450

Purchase 260

Total Sales (370)

End Inv 340

Question 2: There is a Note Receviable NR $200,000, 16% for 30 days. was issued on 1-1-15 and discounted at 5% at the bank. Journalize the transaction

Reference no: EM132626738

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