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? ( Appendix 6 B ) ?Inventory Costing Methods: Periodic FIFO Bordeaux Company has the following information related to purchases and sales of one of
? Appendix B ?Inventory Costing Methods: Periodic FIFO
Bordeaux Company has the following information related to purchases and sales of one of its inventory items:
Assume that Bordeaux uses a periodic inventory system.
Required:
Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method.
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