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Stocken Company has the following financial records for the current period: Units Beginning inventory Purchases: #1 Unit Cost 100 $46 650 #2 #3 550...

This question was answered on Jan 31, 2013. View the Answer
Stocken Company
Stocken Company has the following financial records for the current period: Units Unit Cost Beginning inventory 100 $46 Purchases: #1 650 $42 #2 550 $38 #3 200 $36 Ending inventory at the end of this period is 350 units. Compute the ending inventory and the cost of goods sold for the current period using (a) first-in, first-out. (b) Average cost, and (c) last-in, first-out. (Tip The Ending inventory = $12,900)
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Hi Please find the... View the full answer


If you want the formulas and any calculations, select the corresponding cell and press F2(Function Key on key board),
It will show all calculations and formulas Automatically

This question was asked on Jan 31, 2013 and answered on Jan 31, 2013.

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