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1. During June, the following changes in inventory item 27 took place: Periodic inventories are maintained. Instructions What is the cost of goods sold and
1. During June, the following changes in inventory item 27 took place: Periodic inventories are maintained. Instructions What is the cost of goods sold and the cost of the ending inventory for item 27 under the following methods? (Show calculations.) (a) FIFO (assume perpetual). (b) LIFO (assume perpetual). (c) FIFO (assume periodic). (d) LIFO (assume periodic). (e) Weighted Average (assume periodic)
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