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a) Determine the cost of goods sold and ending inventory under the periodic inventory method using FIFO, LIFO, and Average cost (rounded to nearest dollar)

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a) Determine the cost of goods sold and ending inventory under the periodic inventory method using FIFO, LIFO, and Average cost (rounded to nearest dollar) FIFO Beginning Inventory Units Sold Price Cost 5 pt LIFO Beginning Inventory Units Sold Price Cost 5pt Average Cost Beginning Inventory Units Sold Price Cost 5pt b) FIFO LIFO Calculate: Inventory turnover = Days in inventory = AVERAGE 4pt The accounting records of Sheeba Toy show that on April 2, they sold 10,000 units at $14, the following data for 2019: Cost Beginning Inventory Purchases price $3 $ 1-Jan 4-Mar units 4000 8000 12000 12,000 32,000 44,000

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