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A company just starting business made the following four inventory purchases in May: May 1 - 130 units totaling $390; May 10 - 200 units

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A company just starting business made the following four inventory purchases in May: May 1 - 130 units totaling $390; May 10 - 200 units totaling $650; May 15 -200 units totaling $700; and May 28 - 170 units totaling $680. A physical count of inventory on May 31 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to Cost of Goods Sold is (Select] Ending Inventory is [Select] Using the LIFO inventory method, the amount allocated to Cost of Goods Sold is [Select] Ending Inventory is (Select]

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