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(Appendio 60) Inventory Costing Methodsi Periodic uro Filimonoy thc, has the following information religed to purchases and sales of one of its inventan itams: Assume
(Appendio 60) Inventory Costing Methodsi Periodic uro Filimonoy thc, has the following information religed to purchases and sales of one of its inventan itams: Assume that filimonov uses a periedic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the Lifo imentory costing method: Feedoast T Chack M, Wok For cost of goods sold ueirg the Lifo invontoyy costing method, apdly ee folluwing slefe- Step 1: Calculate the coot of goods avalistie for sais for tee peitod. For cost of ending nventory using the LiFo inventey cosong method, appiy the follisirg shops: Slep 1: Calculate the cott of goods wailatie for sale tor the period. 2 more Check My work uses remaining
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