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How to calculate
Goods Available for sale chart
add up the units and total cost from the purchases to get the goods available for sale
FIFO Calculations
Calculate the number of goods sold by subtracting goods available for sale from ending inventory
Then allocate that number of units starting with the begining inventory and moving on through the purchases in order.
LIFO Calculations
Calculate the number of goods sold by subtracting goods available for sale from ending inventory
Then allocate that number of units starting with the last purchase and moving to begining inventory.
WA Calculations
Calculate the unit price by dividing the total cost of goods available for sale by the number of units.
simply multiply that price by the number of units.
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