A Periodic: A company reports the following beginning inventory and purchases, and it ends the period with

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A Periodic: A company reports the following beginning inventory

and purchases, and it ends the period with 30 units

in inventory.

i) Compute ending inventory using the FIFO periodic
system.
a. $400 b. $1,460 c. $1,360 d. $300
ii) Compute cost of goods sold using the LIFO periodic
system.
a. $400 b. $1,460 c. $1,360 d. $300

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