Unit 10

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Answer  

 

 

(a1)

 

Calculate the average cost per unit at May 1, 4, 8, 12, 15, 20 & 25. and 

 

 

(a2)

 

Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. 

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