Homework Answers
| FIFO | LIFO | Average cost | |
| Cost of Goods Sold |
= (2890*6)+(6510*8) = 69,420 |
= (7390*8)+(2010*6) = 71,180 |
= (9400*7.438) = 69,917 |
Average cost = [(2890*6)+(7390*8)]/(2890+7390)
= 76,460/10,280
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