During November,Marquette Company sold 240 units of Product Y.Its beginning inventory and purchases during the month were as follows:
Compute the cost of goods sold under each of three methods: (a)average-cost,(b)LIFO,and (c)FIFO.Assume the periodic inventory system is used.(Show your work.)

Question

During November,Marquette Company sold 240 units of Product Y.Its beginning inventory and purchases during the month were as follows:
  Compute the cost of goods sold under each of three methods: (a)average-cost,(b)LIFO,and (c)FIFO.Assume the periodic inventory system is used.(Show your work.)

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The Answer of During November,Marquette Company sold 240 units of Product Y.Its beginning inventory and purchases during the month were as follows:
  Compute the cost of goods sold under each of three methods: (a)average-cost,(b)LIFO,and (c)FIFO.Assume the periodic inventory system is used.(Show your work.)

During November,Marquette Company Sold 240 Units of Product Y