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Chapter 18 Problems a
$4
3
January 1 inventory
April 1
June 1
November 1
49
69
59
64
241
8
9
$ 196
483
472
576
$ 1,727
0.5
points
a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 70 units).
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Cost of ending inventory
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References
b. Calculate the cost of goods sold using the FIFO (ending inventory shows 70 units).
$
1.226
Cost of goods sold
