=+1. Determine the cost of inventory on December 31, 2010, using the perpetual inven- tory system and

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=+1. Determine the cost of inventory on December 31, 2010, using the perpetual inven-

tory system and each of the following inventory costing methods:

a. first-in, first-out

b. last-in, first-out

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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