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What is the value of ending inventory and cost of goods sold

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Inventory Costing Methods

Morrison Inc. reported the following information for the month of February:

Inventory, February 1 66 units @ $18

Purchase:

February 7 50 units @ $20

February 18 60 units @ $21

February 27 39 units @ $23

During February, Morrison sold 139 units. The company uses a periodic inventory system.

Required:

Problem 1: What is the value of ending inventory and cost of goods sold for February

Reference no: EM132778336

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