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Unformatted text preview: weighted average method: calculate cost of goods available for sale divide cost of goods available for sale by number of units; this is average cost. multiply number of units by average cost FIFO: first in first out items that come in first are the ones sold first goods always move by fifo or specific identification...
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This note was uploaded on 04/14/2011 for the course ACCT 2101 taught by Professor Christianwurst during the Spring '08 term at Temple.
- Spring '08
- Financial Accounting