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A SA Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system.
A SA Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to O decimal places, e.g. 1,250.) FIFO LIFO Moving-Average Cost The cost ending inventory The cost of goods sold SA A LA $ Inventory data for Lily Company are reported as follows. Unit Date Explanation Units Cost Total Cost June 1 Inventory 300 $5 $1,500 12 Purchase 700 4,200 23 Purchase 330 7 2,310 30 Inventory 160 Assume a sale of 780 units occurred on June 15 for a selling price of $9 and a sale of 390 units on June 27 for $9
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