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A Beginning Inventory and Purchases of Computer Parts Follow

Question 101

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A beginning inventory and purchases of computer parts follow: A beginning inventory and purchases of computer parts follow: The company sold 20 units from beginning inventory, 5 units from the first purchase, and 18 units from the second purchase. Required: Determine the (a) cost of an ending inventory and (b) Cost of Goods Sold under the specific invoice method. Round to two decimal places if required. The company sold 20 units from beginning inventory, 5 units from the first purchase, and 18 units from the second purchase.
Required: Determine the (a) cost of an ending inventory and (b) Cost of Goods Sold under the specific invoice method. Round to two decimal places if required.

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a) Ending Inventory: (10 × $4)...

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