cost of goods
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Assume a vendor of soft drinks starts out the week with no inventory. He buys and sells cola as follows:
· Buys 3 cans on Monday for 35 cents
· Buys 4 cans on Tuesday for 30 cents
· Buys 4 cans on Wednesday for 40 cents
· Sells 8 cans on Thursday for 60 cents
Please shows the vendor’s cost of goods sold and ending inventory under the four methods.
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