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Suppose Robotics, Inc.’s inventory records for a particular item indicated the following transactions in September:
September 1
Beginning Inventory
6 units @ $29
September 10
Purchase
19 units @ $32
September 22
Purchase
12 units @ $30
September 27
Purchase
4 units @ $31
Required: The company sold 22 units on September 30. Compute the ending inventory and cost of goods sold using each of the following methods: