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1 Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting

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1 Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 1: 1 points eBook Inventory, December 31, prior year For the current year: Purchase, March 21 Purchase, August 1 Inventory, December 31, current year Print Required: Unit Units Cost 1,820 $6 6,080 5 4,160 2,820 3 References Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods. Note: Round "Average cost per unit" to 4 decimal places and final answers to nearest whole dollar amount. FIFO LIFO Average Cost Ending inventory Cost of goods sold

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