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(b2) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cash flow methods (FIFO, LIFO, and average-cost).
(b2) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cash flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods soldunder the FIFO and LIFO methods. (round answers to 0 decimal places, e.g. 1,250. Use weighted average unit cost rounded to 3 decimal places for computations.)
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