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Given the following information for Goode Company: May 19 Sale 4 units
Required:
Answer the following questions for Goode Company:
a. If FIFO is in use, what is the total ending inventory in dollars?
b. If perpetual LIFO is in use, what is the cost of goods sold for the month?
c. If weighted average is in use, what is the ending inventory?
d. If moving average is in use, what is the cost per unit sold for the May 10 sale?
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