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Suppose Robotics, Inc.’s inventory records for a particular item indicated the following transactions in September:
September 1
Beginning Inventory
10 units @ $29
September 9
Purchase
18 units @ $32
September 23
Purchase
9 units @ $30
September 28
Purchase
6 units @ 31
Required: The company sold 24 units on September 30. Compute the ending inventory and cost of goods sold using each of the following methods: