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1. ABC Company's inventory records show the following data for the month of Junc: A physical inventory on June 30 shows 350 units on hand.

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1. ABC Company's inventory records show the following data for the month of Junc: A physical inventory on June 30 shows 350 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses a periodic inventory system a) FIFO b) simple weighted average c) LIFO and make necessary adjusting journal entries

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