Givens company had 296 units in beginning inventory at a


Question - Givens Company had 296 units in beginning inventory at a total cost of $31,672. The company purchased 592 units at a total cost of $92,944. At the end of the year, Givens had 222 units in ending inventory.

Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.

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Accounting Basics: Givens company had 296 units in beginning inventory at a
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