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problem: During 2003, Cramer Sales sold 180 units at $320 each. Cash selling & administrative expenses were $15,000. The following information available: 

Starting inventory 30 units at $180 each, Feb.3 - 60 units at $190 each, June 2 - units at $220 each and Oct 1 - units at $230 each.

Compute the amount of cost of goods sold using: FIFO, LIFO and weighted average.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922159

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