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C. Inventory Methods The following information is available from the Golden Rams Company inventory records for Product XYZ for the month of November 2017. Units

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C. Inventory Methods The following information is available from the Golden Rams Company inventory records for Product XYZ for the month of November 2017. Units Unit Cost Total Cost $10,000 Beginning Inventory (Nov. 01). 1,000 $10 November 03 November 16 November 21 November 28 2,000 . 2,500 1,000 22,000 30,000 13,000 21,000 12 13 Total Available 8,000 $96,000 A physical inventory on November 30 shows 3,000 units on hand. What is the value of the ending inventory and cost of goods sold at November 30 under the periodie inventory system for each of the following allocation methods? 1. First-In, First-Out (FIFO): Inventory 2. Last-In, First-Out (LIFO): Inventory Cost of Goods Sold

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