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24- (15 Points): Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using FIFO, LIFO and
24- (15 Points): Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using FIFO, LIFO and Average Cost (weighted average). Units Unit Cost Beginning inventory 100 $10 40 12 Jan. 5 purchased Jan. 10 sold 60 70 13 Jan. 15 purchased Jan. 25 sold 50
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