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9. Compute the value of the ending inventory. Costs increase 2% every quarter over the beginning cost. 7000 units are sold during the year. Fill

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9. Compute the value of the ending inventory. Costs increase 2% every quarter over the beginning cost. 7000 units are sold during the year. Fill in the blanks. a) (2 pts) FIFO Quantity Cost Beginning Inventory 2000 units $200,000 2000 units $204,000 2000 units $208,000 2000 units $212,000 1000 units $108.000 9,000 units $932,000 Totals COGS Ending Inventory b) (2 pts) LIFO Quantity Cost Beginning Inventory 2000 units $200,000 2000 units $204,000 $208,000 2000 units 2000 units $212,000 1000 units $108.000 9000 units $932,000 Totals COGS Ending Inventory

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