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# Ending Inventory

I tried to start working on this but I am confused, is this using cost of goods equation? However I do not have the ending inventory...

Basic data regarding purchases and sales:
Date Activity Units Unit costa
2/1 Begin invent 600 1.50
2/9 Purchase 1300 1.70
2/15 purchase 1500 1.90
2/24 purchase 1800 2.05

At the end of the month the company had 1800 units on hand. Calculate:
1- cost of goods available for sale
2-what is the ending inventory under the weighted average method?
3-what is the ending inventory under the LIFO method?
4-What is the ending inventory under the FIFO method?

#### Solution Preview

The ending inventory is given. The question states that there are 1,800 units on hand at the end of the month.
1- cost of goods available for sale

The cost of goods available for sale is the total value of units available. This will be the beginning inventory + the purchases. The ...

#### Solution Summary

The solution explains the calculation of cost of goods available for sale and ending inventory under FIFO, LIFO and weighted average method

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