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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...

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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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8426894.xls

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

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