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San Diego State University Operations And Supply Chain Management Assignment Help - Lifo


Question - Dat e Activit ies Units Acquired at Cost Units Sold at Retail M ar. 1 Begin ning invent ory 50 units @ $50/ unit M ar. 5 Purch ase 200 units @ $55/ unit M ar. 9 Sales 210 units @ $85/ unit M ar. 18 Purch ase 60 units @ $60/ unit M ar. 25 Purch ase 100 units @ $62/ unit M ar. 29 Sales 80 units @ $95/ unit Totals 410 units 290 units Compute the cost assigned to ending inventory using (a) FIFO,(b) LIFO, (c) weighted average.(Due to rounding, the sum of Cost of Goods Sold and Ending inventory may not equal the Cost of Good available for sales. Round yourper unit costs to 3 decimal places and inventory balances to the nea ...Read More

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