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3) Pencil Company had the following information for the year: a) How many units did Pencil sell during the year? b) Calculate the dollar value

image text in transcribed 3) Pencil Company had the following information for the year: a) How many units did Pencil sell during the year? b) Calculate the dollar value of Pencil's December 31 inventory, as well as Pencil's COGS, using the FIFO method. c) Calculate the dollar value of Pencil's December 31 inventory, as well as Pencil's COGS, using the LIFO method. d) Calculate the dollar value of Pencil's December 31 inventory, as well as Pencil's COGS, using the average cost method

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