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Tony Merchandise Company_Computation of Inventory costing

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Tony Merchandise Company_Computation of Inventory costing;Tony Merchandise Company has the following information for the month of February;Feb. 2;Beginning inventory;20;units;$12;per unit;Feb. 5;Purchase;20;units;$16;per unit;Feb. 8;Sale;12;units;Feb. 21;Purchase;12;units;$18;per unit;Feb. 25;Sale;14;units;Answer the following questions for Tony Merchandise Company;Calculate the dollar ending inventory if first in, first out (FIFO) is used.;Calculate the cost of goods sold if LIFO is used.;Calculate the dollar ending inventory if weighted average is used.

 

Paper#27866 | Written in 18-Jul-2015

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