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Brief Exercise 6-03 In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 300 units at $6,
Brief Exercise 6-03 In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8. Assuming there are 360 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Bethke uses a periodic inventory system FIFO (a) Cost of the ending inventory LIFO (b) Cost of the ending inventory Open Show Work Click if you would like to Show Work for this
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