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Accounting Assignment | College Homework Help

During September, KM company sells 9,800 watches for $300.00 each. The company has the following inventory purchase transactions for September:College Homework Help

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Date Transaction # of units Unit Cost Total Cost
1-Sep Beginning inventory 300 $195.00 $58,500
4-Sep Purchase 6,000 $198.00 1,188,000
24-Sep Purchase 3,700 $200.00 740,000
10,000 $1,986,500

1. Calculate the cost of goods sold (FIFO)

2. Calculate the gross profit

3. Calculate cost of goods sold (LIFO)

4. Calculate gross profit (LIFO)

5. Calculate ending inventory (WA)

6. Calculate cost of goods sold (WA)

7. Calculate gross profit (WA) Get Accounting Homework Help Today

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