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0.83 points Problem 7-204 LO 7-3] The college campus bookstore uses a periodic inventory system The bookstore purchases 440 copies of a textbook at 568
0.83 points Problem 7-204 LO 7-3] The college campus bookstore uses a periodic inventory system The bookstore purchases 440 copies of a textbook at 568 each in June, 985 copies in August at $68 each, and 610 copies in December at $71 each The bookstore sold 1,880 copies of the textbook during the year Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods a. FIFO Cost of Goods Soid Ending Inventory b. LIFO Cost of Goods Sold Ending inventory
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