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1. 2. Question Help The Corner Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases

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Question Help The Corner Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June are: (Click the icon to view the inventory and purchases data.) If The Comer Frame Shop uses the FIFO method, the cost of the ending inventory will be O A. $21,200 OB. S20.900 O c. $21,240 O D. $27,840 Data Table Units Unit Cost Total Cost Jun 2,500 11.00 27,500 1 Beginning inventory 4 Purchase 9 Sale 1,800 aob 11.80 21,240 (1,900) Print Done ton Help The Comer Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June ollow (Click the icon to view the inventory and purchases datab If The Comer Frame Shop uses the LIFO method, cost of goods sold will be OA. S21.200. OB. S21.240 O C. $20,900 O D. $22,340 AData Table Units Unit Cost Total Cost 11.00 27,500 21,240 Jun 1 Beginning inventory2,500 1,800 11.80 (1,900) 4 Prchase 9 Sale Print Done

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