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17 of 18 < > -//10quadvdots-=quad View Policies Current Attempt in Progress In its first month of operations, Wildhorse Company made three purchases of merchandise
17 of 18 < > -//10quadvdots-=quad View Policies Current Attempt in Progress In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: (1) 350 units at $7, (2) 450 units at $9, and (3) 550 units at $10. Assuming there are 250 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Wildhorse uses a periodic inventory system
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