The following data are for the Cracker Corporation, which sells just one product: Calculate the value of

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The following data are for the Cracker Corporation, which sells just one product:

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Calculate the value of ending inventory and cost of goods sold for the year using the periodic method

(a) first-in, first-out,

(b) last-in, first-out, 

(c) weighted-average cost method. 

Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar. If the replacement cost of the inventory at year-end is \(\$ 25\), how will the cost of goods sold under each method be affected?

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