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An electrical contractor starts a fiscal period with some coils of wire and makes two purchases as shown in the table below: Unit Number Cost
An electrical contractor starts a fiscal period with some coils of wire and makes two purchases as shown in the table below: Unit Number Cost Opening 24 $52 Inventory First 54 $69 Purchase Second 25 $69 Purchase Closing 39 inventory Determine the values in the table below using the two methods. FIFO Opening Inventory COGS Closing Inventory LIFO
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