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Akira Company had the following transactions for the month. Beginning inventory Purchased Mar. 31 Purchased Oct. 15 Ending inventory Number of Units 150 160 130

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Akira Company had the following transactions for the month. Beginning inventory Purchased Mar. 31 Purchased Oct. 15 Ending inventory Number of Units 150 160 130 50 Cost per Unit $10 12 15 ? Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. 1. first-in, first-out (FIFO) 2. last-in, first-out (LIFO) 3. weighted average (AVG)

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