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Bought Sold January 6 0 at 6 May 3 0 at 2 0 June 3 0 at 9 December 5 0 at 2 0 1
Bought Sold
January at May at
June at December at
From the figures in the table above calculate what is the ending balance of inventory for FIFO and LIFO?
A FIFO: LIFO:
B FIFO: LIFO:
C FIFO: LIFO:
D FIFO: LIFO:
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