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Assume that a company uses a perpetual inventory. Additional information follows: .: (Click the icon to view the information.) Data Table - Requirement 1. Assuming
Assume that a company uses a perpetual inventory. Additional information follows: .: (Click the icon to view the information.) Data Table - Requirement 1. Assuming FIFO inventory costing, determine the cost of ending inventory: Units Unit Cost Requirement 2. Assuming LIFO inventory costing, determine cost of goods sold for the year: 3,100 $ 17.30 4,200 16.20 1,800 16.30 2,900 17.40 Transaction Beginning inventory 1/1 Purchases, January 23 Purchases, February 14 Purchases, March 17 Units Sold - April 13 at $26 Purchases, May 5 Purchases, July 4 Units Sold - October 31 at $22 Purchases, November 22 9,800 5,900 15.60 16.60 3,800 8,500 1,600 15.40 Print Done
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