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Blue Danube Tires Has the Following Inventory Records for the Month

Question 55

Essay

Blue Danube Tires has the following inventory records for the month ending July 31:
Blue Danube Tires has the following inventory records for the month ending July 31: Blue Danube sold 140 tires during July. Compute the ending inventory and the cost of goods sold for the period using FIFO, LIFO, and weighted-average cost inventory methods.
Blue Danube sold 140 tires during July. Compute the ending inventory and the cost of goods sold for the period using FIFO, LIFO, and weighted-average cost inventory methods.

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Ending inventory units = 100 + 40 + 30 +...

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