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4. A firm's inventory account included the following transactions Jun 1 June 12 June 15 June 23 June 27 Beginning Inventory Purchased Sold Purchased Sold

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4. A firm's inventory account included the following transactions Jun 1 June 12 June 15 June 23 June 27 Beginning Inventory Purchased Sold Purchased Sold 120 units @$5 each - 370 units @ $6 each 410 units@ $8 each 200 units@ $7 each 50 units @ $8.50 each Calculate the firm's COGS and Ending Inventory assuming it uses LIFO and: a. Periodic System (2 points) b. Perpetual System (2 points)

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