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Jolly Gyms Inc

Question 82

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Jolly Gyms Inc. uses a periodic inventory system and had the following activity for a single inventory item: Jolly Gyms Inc. uses a periodic inventory system and had the following activity for a single inventory item: Instructions Determine the ending inventory and cost of goods sold using: a) FIFO b) Weighted-average (round unit cost to nearest cent) Instructions
Determine the ending inventory and cost of goods sold using:
a) FIFO
b) Weighted-average (round unit cost to nearest cent)

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