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a. Average cost b. FIFO c. LIFO Units Purchase Price Beginning inventory 8 $8 Purchase #1 15 $9 Purchase #2 24 $11 Purchase #3

a. Average cost b. FIFO c. LIFO Units Purchase Price Beginning inventory 8 $8 Purchase #1 15 $9 Purchase #2 24 $11 Purchase #3 12 $13 Sales 40

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