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Based on the information below what would the ending inventory and the cost of goods sold be for Gargleblaster Inc (GI) under the following cost

Based on the information below what would the ending inventory and the cost of goods sold be for Gargleblaster Inc (GI) under the following cost flow assumptions?

Ending Inventory Cost of Goods Sold

1. LIFO(periodic inventory method) $ $

2. FIFO(periodic inventory method) $ $

3. LIFO (perpetual inventory method) $ $

4. FIFO(perpetual inventory method) $ $

Quantity Cost per Unit Total

Beginning Inventory 200 units $10 2,000

January Purchases 300 units $12 3,600

March Purchases 500 units $15 7,500

August Purchases 500 units $15 7,500

December Purchases 200 units $20 4,000

1,700 units 24,600

There were 1,200 units sold during the year, half in May, and the others in September. No units were lost, stolen, or spoiled.

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