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Comparing amounts for ending inventoryperpetual inventoryFIFO and LIFO Assume that a Models and More store bought and sold a line of dolls during December as

Comparing amounts for ending inventoryperpetual inventoryFIFO and LIFO
Assume that a Models and More store bought and sold a line of dolls during December as follows:
Models and More uses the perpetual inventory system.
Requirements
1. Compute the cost of ending inventory and the cost of goods sold using FIFO.
2. Compute the cost of ending inventory and the cost of goods sold using LIFO.
3. Which method results in the higher cost of goods sold? Which method results in a higher cost of ending inventory?

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