ACCT216 week 4 homework
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ACCT216 week 4 homework
Week 4 Homework
Suppose Robotics, Inc.’s inventory records for a particular item indicated the following transactions in September:
September 1
Beginning Inventory
10 units @ $29
September 9
Purchase
18 units @ $32
September 23
Purchase
9 units @ $30
September 28
Purchase
6 units @ 31
Required: The company sold 24 units on September 30. Compute the ending inventory and cost of goods sold using each of the following methods:
- LIFO
- FIFO
- Average Cost
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Basic Information
Price
4.99
Uploaded on
Jan. 7, 2023
Subject
Accounting
Course Code
acct-216
Attachments
1 Files
Institution
None