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wt.avg.

# wt.avg. - 300 \$20.00 \$6,000 50 \$20.20 \$1,010 Total ending...

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FIFO vs LIFO vs Weighted Average # of Units Cost/Unit Total Cost Beg. Inv., March 1 300 \$20.00 \$6,000 Purchases: March 5 100 \$20.20 \$2,020 March 16 200 \$20.70 \$4,140 March 25 200 \$21.00 \$4,200 Total available 800 \$16,360 March sales 450 ? End Inv., March 31 350 ? FIFO # of Units Cost/Unit Total Cost Ending Inventory: 200 \$21.00 \$4,200 150 \$20.70 \$3,105 Total ending inventory 350 \$7,305 COGS: 300 \$20.00 \$6,000 100 \$20.20 \$2,020 50 \$20.70 \$1,035 Total COGS 450 \$9,055 LIFO # of Units Cost/Unit Total Cost Ending Inventory:
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Unformatted text preview: 300 \$20.00 \$6,000 50 \$20.20 \$1,010 Total ending inventory 350 \$7,010 COGS: 200 \$21.00 \$4,200 200 \$20.70 \$4,140 50 \$20.20 \$1,010 Total COGS 450 \$9,350 Weighted Average # of Units Cost/Unit Total Cost Ending Inventory 350 \$20.45 \$7,157.50 COGS 450 \$20.45 \$9,202.50 Weighted average cost/unit = \$16,360/800 units, or \$20.45/unit Remember: Ending Inventory + COGS = COGAFS for all three inventory methods...
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