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Assume that a company uses a perpetual inventory. Additional information follows: (Click the icon to view the information.) Requirement 1. Assuming FIFO inventory costing, determine
Assume that a company uses a perpetual inventory. Additional information follows: (Click the icon to view the information.) Requirement 1. Assuming FIFO inventory costing, determine the cost of ending inventory: Data Table Requirement 2. Assuming LIFO inventory costing, determine cost of goods sold for the year: Units 3,200 4,700 1,000 2,100 9,300 5,900 3,700 8,400 1,800 Transaction Unit Cost Beginning inventory 1/1 Purchases, January 23 Purchases, February 14 Purchases, March 17 $ 17.90 16.40 16.80 17.40 Units Sold-April 13 at $22 Purchases, May 5 Purchases, July 4 15.30 16.60 Units Sold-October 31 at $21 Purchases, November 22 15.60 Print Done
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